10 Oct 2017
INDIA: GST Rate Cut to 12% for Man-Made Yarn
The tax rate under the terms of India’s newly introduced Goods and Services Tax has now been cut to 12% for select man-made or synthetic yarn. These items, which were previously taxed at a GST rate of 18%, include yarn from fibres of nylon, polyester, acrylic and viscose rayon.
Further details as well as specific HS chapters and headings under which these select items are classified can be accessed here.