India's Andhra Pradesh Government Increased Its Value-Added Tax On Textiles And Clothing To 5%

India's Andhra Pradesh government increased its textile and clothing products and all industrial products tax (VAT) from 4% to 5%. Even if Bond trader We continue to protest against a 4% VAT, but the government has issued an order ahead of schedule and will take effect on Tuesday.

The new government decree is Effective April 2012 The goods and services tax (GST) is ready.

The state textile and clothing entrepreneurs have only recently received VAT regulations, but they will pay more for it. 1% extra tax 。