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Mumbai (Maharashtra) [India], September 15: The GST Council, at its 56th Meeting held on 3rd September 2025, approved the rationalization of GST rates by moving to a two-slab structure of 5% and 18%, abolishing the existing 12% and 28% rates. These revised rates will come into effect from 22nd September 2025.
As part of this reform, the GST rate on manmade fibres has been reduced from 18% to 5%, and on manmade yarns from 12% to 5%.
Welcoming this landmark announcement, Shri Shaleen…
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Mumbai (Maharashtra) [India], September 15: The GST Council, at its 56th Meeting held on 3rd September 2025, approved the rationalization of GST rates by moving to a two-slab structure of 5% and 18%, abolishing the existing 12% and 28% rates. These revised rates will come into effect from 22nd September 2025.
As part of this reform, the GST rate on manmade fibres has been reduced from 18% to 5%, and on manmade yarns from 12% to 5%.
Welcoming this landmark announcement, Shri Shaleen…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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