GST 2.0 Textile Triumph: ₹175 Savings Per Garment, 5% Uniform Rate Boosts MSMEs | RK Vij | Business #ETNOW
GST 2.0 Textile Triumph: ₹175 Savings Per Garment, 5% Uniform Rate Boosts MSMEs | RK Vij | Business
R. K. Vij, President Emeritus, The Textile Association (India) & Sec Gen of Polyester Textile Apparel Industry hails GST 2.0 for slashing rates to 5% on garments up to ₹2,500 (from 12% above ₹1,000), saving consumers ~₹175 per item. Uniform 5% on yarn/fiber eases MSME compliance, boosts employment/expansions, doubles sector growth from 5-6%, and lifts EBITDA margins to double digits.10 He
#gst2textiles #garmentsavings #textilereform #navratrifabrics #msmeboost #atmanirbhartextile #rkvij #5percentslab #indiaapparel #economicgrowth #etnow
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