GST Cut On Footwear Will Aid Recovery In Sub-Rs 1,000 Segment: Bata India CEO

Goods and Services Tax (GST) reforms promised by Prime Minister Narendra Modi in his recent Independence Day speech could bring significant relief to the footwear industry. As per reports, the GST rate on footwear priced below Rs 1,000 could be reduced to 5% from the current 12%, under the new reforms.