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The apparel industry in the country is one of the best industries that has generated huge employment opportunities for people, being the second largest recruitment sectors in India with more than 30 million jobs. It contributes about 10% of the total annual export, and this value is likely to increase under GST.
4-5% VAT and 2% excise levied on the
There are huge benefits of GST on retail sector to alleviate the problems of India’s indirect system which poses a serious threat to the formation of a single common market.. Indian retail sector is one of the fastest growing sector being 5th largest retail destination in the world. The retail industry is growing in every corner of the country. On July