GST Council decides to postpone tax hike on textiles
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The Goods and Services Tax (GST) Council on Friday decided to postpone the proposed hike in GST rate on textiles, said Bikram Singh, Himachal Pradesh's Industry Minister. Notably, the GST rate on textiles was supposed to be increased from 5% to 12% from January 1, 2022. The GST Council will review the matter again in its next meeting in February 2022, Singh added.