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The Economic Times added blog Fashion Media & Publications
2026-03-26 12:26:24 -

GST 2.0 - Reforms to propel MMF textile industry sub-Rs 2,500 retail segment poised for growth
Synopsis The reforms are expected to correct anomalies at the fibre stage, reduce costs at the yarn and fabric stages, improve garment affordability, revive demand at the retail stage, and enhance export competitiveness. The textile industry has welcomed the recommendations of the 56th GST Council meeting, held in New Delhi on September 3, describing them as a timely boost for MSMEs and...

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The Times Of India added blog Fashion Media & Publications
2026-03-27 07:32:46 -

GST 2.0-Cheaper clothes under 2,500 and a boost for Indias textile industry
India's textile industry is poised for significant growth following GST reforms effective September 2025. These changes address the inverted duty structure, reducing input costs for synthetic textiles and benefiting MSMES. Lower taxes on affordable apparel are expected to boost domestic consumption, while exports of handicrafts gain competitiveness. If fashion is where art meets utility,...

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Fibre2Fashion added blog Fashion Media & Publications
2026-03-26 05:36:18 -

India eyes uniform 12% GST on textile value chain
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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