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New GST rates to create short-term fund crunch for garment retailers
The New Indian Express Kannur
|September 10, 2025
THE textile and apparel sector may face a short-term liquidity crunch following the transition to new GST rates from September 22, as input tax credits (ITC) on old inventories could get blocked due to the inverted duty structure (IDS).
Tax experts caution that claiming ITC on such inventories may be challenging for retailers, indirectly affecting their cash flows.
Dit verhaal komt uit de September 10, 2025-editie van The New Indian Express Kannur.
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