{"id":66502,"date":"2025-02-10T16:49:21","date_gmt":"2025-02-10T11:19:21","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=66502"},"modified":"2025-02-10T16:49:26","modified_gmt":"2025-02-10T11:19:26","slug":"impact-of-gst-on-textile-sector","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/impact-of-gst-on-textile-sector\/","title":{"rendered":"Impact of GST on Textile Sector"},"content":{"rendered":"\n
The Goods and Services Tax or GST is an indirect tax applicable to the costs of various goods and services. The introduction of the GST has truly revolutionised the otherwise complex tax collection system in India. GST also applies to the clothing and textiles industry.<\/a><\/p>\n\n\n\n The clothes and textile industry in India provides employment to a widespread base of skilled as well as unskilled workers. Its contribution to the financial ecosystem in India goes up to about 10% of the total annual exports. The value is only set to increase under GST.<\/p>\n\n\n\n GST affects the cotton value chain within the textile industry which includes garments\/clothing items for men and women alike. Shirts, sarees, trousers, apparels, shoes and other clothing materials which are chosen by small to medium-scale companies (owing to them attracting no central excise duty under the optional route), are affected by GST.<\/p>\n\n\n\n