Shimla, December 31
Industries Minister Bikram Singh today requested the GST Council to consider extending the relief till 2027, as the issue of tax rationalisation needed to be looked at .
The minister attended the 46th meeting of the GST Council presided over by Union Finance Minister Nirmala Sitharaman in Delhi.
Bikram said promoting investment in the textile sector was the need of the hour. "The inverted duty structure has an important factor that discourages investments in the textile sector though it has a great potential to generate employment," he said.
The council is likely to meet in the first week of March to take a decision. — TNS
Courtesy: Tribune News Service