Lack of clarity on branded clothing makes retailers jittery about GST


Story image for clothing from Business Standard

Be ready to shell out more for that pair of designer jeans or branded t-shirt the next time you make a trip to your favourite branded store. With tax incidence on branded apparels and other finished textile products rising to 18 per cent under the new goods and services tax (GST) regime, prices would likely go up. However with no clarity around which type of branded apparel would attract 18 per cent GST and what exactly is branded under the new tax regime, industry players are left scratching their heads. “The impact would be significant as it is much more than what the business …