DECISION TAKEN DURING
THE GST COUNCIL MEETING HELD ON 31.12.2021
The Goods and Services Tax Act,
2017 came into force with effect from 1.7.2017 in
The GST Council Meeting was held on 31.12.2021.
The GST Council has recommended to defer the decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, the existing rates in textile sector would continue beyond 1.1.2022.
The relevant Press Release is
given below for ready reference.
46th Meeting of the GST Council,
31st December, 2021
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PRESS RELEASE
The GST Council’s 46th meeting was held today under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala
Sitharaman.
The GST Council has recommended to defer the decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, the existing rates in
textile sector would continue beyond 1st January, 2022.