IGST Rate on Textile Products Amended to 12% Effective January 1, 2022; Changes in Schedules I, II, III Notified.

The notification dated November 18, 2021, amends Notification No. 1/2017-Integrated Tax (Rate) to prescribe an Integrated Goods and Services Tax (IGST) rate of 12% on specified textile products and garments under chapters 50 to 64, effective January 1, 2022. Several serial numbers and entries in Schedules I, II, and III are omitted, while new entries are inserted for various woven fabrics, synthetic and artificial filament yarns, and other textile materials. The notification aims to update the tax rates applicable to these textile categories, with the changes coming into force on January 1, 2022.

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