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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>GST Council Defers Textile Rate Hike from 5% to 12% Amid Concerns Over Impact on Employment and Small Businesses.</h1> The 46th GST Council meeting, chaired by the Union Finance Minister, was held on December 31, 2021, in New Delhi. The primary agenda was to discuss the proposed GST rate revision on textiles from 5% to 12%, scheduled to take effect on January 1, 2022. Various state representatives expressed concerns about the impact on the textile sector, particularly on employment and small businesses, urging a deferment of the rate hike. The Council reached a consensus to defer the rate increase, with further analysis and consultation to be conducted by a Group of Ministers on Rate Rationalization, expected to report by February 2022.