India eyes uniform 12% GST on textile value chain

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2026-03-26 05:36:18 -

Insights India is considering a uniform 12 per cent GST across the textile value chain to simplify taxation and correct the inverted duty structure that currently burdens cotton products and hampers input tax credit claims. While the move may boost competitiveness and attract investment, it could raise prices for cotton-based goods and garments under ₹1,000, potentially favouring cheaper...

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