Business Mantra News
- Earlier, the whole of the Khadi Sector was exempted from tax even before the independence till the implementation of GST.
- Presently, except Khadi Yarn all other Khadi products attract 5% GST.
- MSME Ministry has approached Finance Ministry and has requested to exempt Khadi and its products from GST.
- It has become mandatory for Khadi producing institutions to get registered under GST, after the implementation of GST.
- A Seamless flow of credit of input tax may also be ensured as requested by the MSME Ministry.