<h1>Finance Minister Confirms No GST Impact on Textile Traders; GST Rates for Textiles Set in June 2017 Meeting.</h1> The Union Minister for Finance stated that the organized traders and unorganized sellers in the textile sector have not been impacted by the Goods and Services Tax (GST). The GST rates for textiles were discussed and set during a GST Council Meeting on June 3, 2017. The rates include a nil rate for silk and wool fibers, with varying rates for yarn, fabrics, and garments. The GST structure aims to simplify classification and rate determination. The demand to exempt fabrics from GST was rejected to maintain the input tax credit chain and prevent zero-rating of imported fabrics. GST Sewa Kendras have been established to assist taxpayers.