What is the tax rate fixed on ready made garments.
Whether any differentiation made between branded and non branded apparels?
GST tax rate on garment below selling price of 1000 is taxed at 5% and other at 12% with full input credit.
Readymade Garments 12%
Readymade Garments Below Rs. 1000 5%
Fabrics & Yarn (except man-made) 5%
Manmade Yarn 18%
All Process of Textiles 5%
Fiber Silk and Jute 0%
Manmade Fiber 18%
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Not a member? Register