Explanation:
Finance Minister Nirmala Sitharaman chaired the 46th meeting of the Goods and Services Tax (GST) Council in the national capital on December 31, 2021. The 46th GST Council meeting was called under emergency provisions. The GST Council has decided to retain the status quo on GST rate on textile to 5% and not raise it to 12%, informed the finance minister while addressing the press conference after the conclusion of the meeting.