However, GST rates on or certain synthetic fibres and yarn hav | Stock Market Latest News

However, GST rates on or certain synthetic fibres and yarn have been lowered to 12% from 18% making rates uniform across the entire textile sector. This has also led to removing distortions which led to an inverted duty structure. The inverted duty structure refers to a situation where the tax rate on inputs used is higher than a tax on the finished product.