AEPC, Retail News, ET Retail

New Delhi: The Attire Export Marketing Council (AEPC) on Saturday said the selection of the GST Council to correct inverted duty structure on textiles from January 1, 2022 will reduce the tax stress on manmade fibre (MMF) fabrics and clothes. The GST Council in its most recent assembly on September 17 agreed to appropriate inverted obligation framework on footwear and textiles from January 1, 2022.

AEPC Chairman A Sakthivel explained the choice will be a big breather to the industry.

“The revision will lessen the tax burden on artifical fibre (MMF) materials and clothes,” he claimed.

He mentioned the inverted responsibility construction has been an concern with the clothing industry and that the council had manufactured tips to the governing administration for the elimination of this anomaly that has been resulting in enter tax credit accumulation blocking vital doing work funds for firms.

Inputs into the MMF fabric phase (fibre

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