Garment Trade Associations urge GoM to abandon GST rate modification proposal
In a landmark meeting, they passed a unanimous resolution urging the Group of Ministers (GoM) to abandon its proposal to modify Goods and Services Tax (GST) rates in the garment sector and retain the existing structure of 5 per cent and 12 per cent.
New Delhi [India], January 11 (ANI): The Clothing Manufacturers Association of India (CMAI), along with 14 prominent garment trade associations from across India, came together under the banner of "One Industry, One Voice."
In a landmark meeting, they passed a unanimous resolution urging the Group of Ministers (GoM) to abandon its proposal to modify Goods and Services Tax (GST) rates in the garment sector and retain the existing structure of 5 per cent and 12 per cent.
According to CMAI, this collaborative effort marked the first time so many leading associations joined forces to address critical issues facing the industry.
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