According to estimates from the Clothing Manufacturers Association of India (CMAI), bridal wear accounts for 10-12% of the total clothing market, underscoring its significance.
A group of ministers (GoM) led by Bihar deputy chief minister Samrat Chaudhary as part of the GST rate rationalization exercise is discussing whether to increase the rate for readymade garments priced above ₹1,500 while reducing the tax on cheaper ones. But the central government on Tuesday distanced itself from the proposal in an indication that the Centre and the ministerial panel may not be on the same page on it yet.
This story is from the December 05, 2024 edition of Hindustan Times.
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This story is from the December 05, 2024 edition of Hindustan Times.
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