Industry Insights

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GST: Implications for Indian textiles

2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, Cover Feature, India Investment Journal September Edition, Year|

India’s Goods and Services Tax (GST) has the potential to make the country’s textile industry more competitive.

A long-awaited taxation reform aimed at “One Nation, One Tax” became a reality in India when the Goods and Service Tax (GST) Act was passed in Parliament on March 29 this year and came into effect from July 1.