WebNov 19, 2024 · GST Council Nominated Fitment Committee Proposes Rate Changes To Correct Inverted Duty Structure GST Rate Changes For Mobile Phone, Textiles, Footwear & Fertilizer Industry Hiking GST Rate On Mobile Phones & Its Parts From 12%- 18% Mobile Phone Ind Claims Around Rs 5,500 Cr Of ITC (From July 2024- Till… March 11, 2024 In … WebNov 19, 2024 · GST Council Nominated Fitment Committee Proposes Rate Changes To Correct Inverted Duty Structure GST Rate Changes For Mobile Phone, Textiles, …
Clothes, Footwear To Get Expensive From Jan 1 After Govt Hikes GST Fr…
WebJun 28, 2024 · I wanted the rate for Job Work under SAC code 9988, where I have been told the rate is 5% for leather & Footwear chapter 64, but does that mean complete … WebNov 21, 2024 · With an aim to correct the inverted duty structure for textiles and footwear under the Goods and Services Tax (GST) regime, the Finance Ministry has notified a uniform 12 per cent rate for manmade fibre (MMF), yarn, fabrics and apparels, along with a 12 per cent uniform rate for footwear. The GST Council had taken the decision to … port moody hockey
12% GST on Footwear of sale value not exceeding Rs. 1000 per pair
WebNov 29, 2024 · Textile sector and Footwear The government has raised the GST (i.e., goods and services tax) on finished goods such as clothes, footwear, and textiles from 5% to 12%, beginning January 1, 2024. The rise was announced on November 18 by the Central Board of Indirect Taxes and Customs (CBIC). WebNov 21, 2024 · GST rate on fabrics has been hiked to 12% from 5% from January 2024 and GST on apparel of any value has also been increased to 12%, compared to 5% earlier … WebDec 31, 2024 · Government has now inserted New Entry 171A1 in ‘Schedule II –6%’ by which it has now taxed from 1st January Footwear of sale value not exceeding Rs.1000 per pair at the Rate of 12% (6% SGST+6% CGST). MINISTRY OF FINANCE (Department of … port moody hikes