Hosiery of synthetic fibres

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"because of the current inverted tax structure, the requirement of working capital for synthetic yarn goes up to the extent of six per cent due to higher gst incidence on raw material than finished products. therefore, there is a need to rationalise gst across the value chain from pta, yarn and fabric

yarn is 78 per cent of the total volume of man-made fibres produced in india. ujjwal lahoti, chairman of the cotton textiles export promotion council, calls for a uniform five per cent of gst across the entire textile value chain....

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