WebDec 31, 2024 · Government removedEntry No. 225 of Notification No.01/2024- Central Tax (Rate), dated the 28th June, 2024 in CGST ‘Schedule I –2.5%‘ by which Footwear were … WebMar 2, 2024 · The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST rates such as 3% and 0.25%. Also, the composition …
Lists of Exempt and Taxable Clothing, Footwear, and Items Used …
WebApparel, Footwear & Accessories Industry's Revenue increased sequentially by 5.72 % faster than Gross Profit increase of 4.61 %, this led to contraction in Gross Margin to 49.7 %, higher than Industry average. On the trailing twelve months basis gross margin in 4 Q 2024 grew to 49.35 %. bricktown elks lodge
12% GST on Footwear of sale value not exceeding Rs. 1000 per …
WebSep 18, 2024 · All footwear, irrespective of prices will attract Goods & Services Tax (GST) at 12 per cent while barring cotton, all textile products including readymade garments will have GST at the rate... WebNov 19, 2024 · The latest notification specifies that GST rate on article of apparel of any value will be 12%, from next year. So far, a 5% tax is levied on sale value of upto Rs 1,000 per piece. Similarly, in the case of footwear, the GST rate has been changed to 12% from next year. At present, 5% GST is charged on sale value of upto Rs 1,000 per pair. WebDec 31, 2024 · The GST rate hike on textiles from 5 percent to 12 percent was to come into effect from January 1. The Council however did not take a similar decision for footwear, … bricktown events mount union pa