France has taken charge of the presidency of the Council of the European Union with effect from January 01 and will hold the EU presidency for the next six months till June 30, 2022.
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.
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