The Goods and Services Tax (GST) Council, in its 46th meeting, decided to defer the proposed hike in tax rate for the textiles sector to 12 per cent from 5 per cent, which was to be implemented from January 1.
The Ministry of Textiles has further extended the timeline for submission of applications under the PLI Scheme for Textiles. Total financial outlay- Rs 10,683 crore.
EXAMIANS