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The Council agreed to keep raw silk and raw jute at Nil rate of GST; tax cotton and other natural fibres at the rate of 5%; tax man-made fibre and yarn at the rate of 18%; tax all fabrics at 5 %;tax apparels sold at a value exceeding Rs.1,000 per piece at the rate of 12% and tax apparels sold at a value exceeding Rs.1,000 per piece at the rate of 5%. The Council also agreed that if there was credit accumulation on account of inverted duty structure at the fibre stage, no cash refund would be given.

Rate of GST — The counsel for the Petitioner submitted that the GST Council has decided the rate of tax on fabric items. Time granted to the counsel for respondent to take instruction in this respect and is presently instructed to state that the reduction of the rate is only related to cotton and natural fabric. — Manufacturers Traders Association & Anr. Vs. Union of India & Ors. [2019] 15 TAXLOK.COM 069 (Delhi)

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