New Amendment: Corduroy Fabrics Added to Integrated Tax Rate Exemption

Central Government introduces amendment to the Integrated Tax Rate. Corduroy fabrics now exempted from integrated tax under specified conditions.

Amendment facilitated under section 54 of the Central Goods and Services Tax Act, 2017. Applies to fabrics falling under the specified tariff item.

Aimed at promoting the textile industry and supporting fabric manufacturers. Ensures smoother supply chain and boosts domestic production of corduroy fabrics.

Rules interpreted as per the Central Goods and Services Tax Act, 2017, ensuring clarity in application. (Mohit Tewari) Under Secretary to the Government of India