gst tax rate on cloth/knitted cloth

[satbir singhwahi]

Sir

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

AI Summary

Uncertainty Surrounds GST Tax Rate on Cloth; Proposed 12% Rate Awaits Final Approval and Official Schedule Release. A query was raised regarding the GST tax rate on cloth and knitted cloth, questioning if it would remain nil or exempt as under VAT. One response suggested a proposed rate of 12%, pending final approval. Another noted that the official schedule of taxable goods under GST was not yet public, making speculation unproductive. A third response advised waiting for the finalization of the Act, rules, and tariffs to determine the exact tax rate.