CBEC issues GST Guidance Note addressing legal issues of Textile Industry

CBEC issues GST guidance note comprising of FAQs and response of Sectoral Group to various legal issues faced by Textile industry, also lists matters on which clarity is required from Law Committee; FAQs inter alia clarify that registration is not required in case of (i) suppliers of raw jute / silk (including procurements from unregistered suppliers) and (ii) agriculturists to the extent of supply out of land cultivation, linkage of tax rate is to transaction value (not MRP)...