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Govt notifies 12% GST rate on MMF, yarn, fabrics from Jan 1; corrects duty anomaly

Govt notifies 12% GST rate on MMF, yarn, fabrics from Jan 1; corrects duty anomaly

Sun, Nov 21, 2021

The finance ministry has notified uniform 12 per cent GST rate on manmade fibre (MMF), yarn, fabrics and apparel, thereby addressing the inverted tax structure in the MMF textile value chain.

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Luxury car makers voice disappointment over GST Council's increase in cess

Luxury car makers voice disappointment over GST Council's increase in cess

Mon, Aug 07, 2017

The GST Council's decision to increase the cess on luxury vehicles by an additional 10% is expected to see an increase in the prices of luxury cars.

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