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e serve no. 116 of 2017 october 14, 2017 circular no.eps/44/2017-18 to: members of the council sub: reduction in gst rate on mmf yarns from 18% to 12% dear member, as you are aware, the 22nd gst council meeting held on october 6, 2017 had decided to reduce the gst rate on yarns made out of manmade fibres...
china's cotton policy, there will be pressure from chinese buyers on indian spinners to further reduce prices. in recent months, chinese buyers have already lowered yarn buying rates, following the strengthening of the indian rupee against the us dollar. demand for cotton yarn has also been sluggish...