Amit Mitra seeks GST Council meet to scrap tax hike in textile

The union government had notified to increase the tax on natural fibre products from 5% to 12%, including apparels in the lower tax bracket with effect from January 1, 2022. "If the tax is not reversed then the impact will be huge with job loss to 15 lakh people, including those engaged in ancillary industry and closure of one lakh small units. A lot of units will revert to the informal sector," Mitra said.

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