https://www.taxtmi.com/article/detailed?id=7587 GST restructures textile taxation by replacing prior central and state levies, imposing registration obligations (with specific nil rated raw jute/raw silk and agriculturist exemptions) and maintaining a composition option for small taxpayers. The rate framework differentiates fibres, yarns, fabrics and garments (including a sale value linked rate for garments), while notification limits refunds of unutilised input tax credit for specified fabric categories. Procurement from unregistered or composition suppliers affects credit eligibility; transitional remission for exporters and concerns of Khadi institutions on reduced exemption coverage are also noted. en-us Thu, 31 Aug 2017 07:05:52 +0530 Thu, 31 Aug 2017 07:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7587 GST restructures textile taxation by replacing prior central and state levies, imposing registration obligations (with specific nil rated raw jute/raw silk and agriculturist exemptions) and maintaining a composition option for small taxpayers. The rate framework differentiates fibres, yarns, fabrics and garments (including a sale value linked rate for garments), while notification limits refunds of unutilised input tax credit for specified fabric categories. Procurement from unregistered or composition suppliers affects credit eligibility; transitional remission for exporters and concerns of Khadi institutions on reduced exemption coverage are also noted. Articles Goods and Services Tax - GST Thu, 31 Aug 2017 07:05:52 +0530 https://www.taxtmi.com/article/detailed?id=7587