New Delhi, Sept. 18 -- On this Independence Day, from the ramparts of the Red Fort, Prime Minister Narendra Modi announced the next generation of GST reforms. His vision was realised on the 3rd of this month, when the GST Council reduced tax rates in many sectors to ease the lives of citizens. The new rates will come into effect from the 22nd of this month, benefiting the public. Today, we take a look at the Textile Sector.

Akashvani correspondent report: The big tax cut on the textile industry under the next generation reforms has eased the financial burden on the common man. The GST rates on Man-Made Fibres have been brought down to 5% from the previously taxed 18%. While the GST on man-made yarns has been slashed from 12% to 5%. This ...