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Issue ID: 111288
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gst tax rate on cloth/knitted cloth

Date 30 Dec 2016
Replies 3 Replies
Views 3189 Views
GST tax rate on cloth remains uncertain pending publication of the final taxable goods schedule and implementing rules.
GST tax rate on cloth and knitted cloth is unresolved and contingent on the final published schedule, enacted Act, rules and official tariff notifications; any proposed rate communicated informally is not final. (AI Summary)

Sir

Kindly clarify whether tax on Cloth /Knitted cloth under GST will be nil/exempted as now under vat.

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Replied on Dec 30, 2016
1.

it is proposed to 12% but will be final after passing of it..

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Replied on Jan 1, 2017
2.

The schedule of list of goods to tax under GST is yet not made public. Only after it is made available we can know it. Guessing would be futile.

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Replied on Jan 3, 2017
3.

Please wait for final form the Act and the rules and tariffs.

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