GST Hike Could Spell “Death-Knell” for India’s Garment Industry, Warns CMAI
GST rate hike could cripple India’s garment industry, warns CMAI The Clothing Manufacturers Association of India (CMAI) has issued a strong warning against a proposed GST hike on garments, stating it could be a “death-knell” for the industry. The reported plan would raise the GST on garments priced above ₹2,500 from 12% to 18%. CMAI … Read more