Question
What is the current GST rate on apparel priced above
₹2,500 as per the rationalised structure?Solution
Under the rationalised GST regime, apparel priced above ₹2,500 is now subject to an 18% GST rate. This is a hike from the earlier slab and has impacted demand in premium segments such as wedding wear, woollens, and handlooms, which account for about 35% of organised apparel sales.
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