GST relief: Footwear up to ₹2,500 to be at 5%
At its 56th meeting on September 3, the GST Council, chaired by Finance Minister Nirmala Sitharaman, approved a simplified dual-rate structure of 5% and 18%, dropping the earlier 12% and 28% brackets. For the footwear and apparel sector, the likely big relief is a tax cut: items priced up to ₹2,500 will now attract only […]
