At its 56th meeting on September 3, 2025, the GST Council approved a two-slab structure of 5 per cent and 18 per cent, effective September 22.
GST on manmade fibres and yarns was cut to 5 per cent, rectifying the inverted duty structure.
MATEXIL chairman Shaleen Toshniwal hailed the move as a major boost for MMF and technical textiles, easing costs, aiding exporters hit by US tariffs.
GST on manmade fibres and yarns was cut to 5 per cent, rectifying the inverted duty structure.
MATEXIL chairman Shaleen Toshniwal hailed the move as a major boost for MMF and technical textiles, easing costs, aiding exporters hit by US tariffs.
