Home / Knowledge / News / Apparel/Garments / Rajasthan Govt imposes huge VAT hike on RMGs
Rajasthan Govt imposes huge VAT hike on RMGs
20
Mar '10
As a mode of demonstrating their protest against a ten percent hike in the VAT on branded readymade items, manufacturers and dealers of readymade garments staged a symbolic one day strike.

As the VAT rates were hiked from four to 14 percent , the strike was called by the Rajasthan Readymade Clothes Manufacturers and Dealers Association, which maintained that the strike was absolute and successful.

Ravindra Sethi, President of the Association, remarked that imposition of such additional tax on the Rajasthan's garment traders would render them non-competitive in inter-state trade and markets outside Rajasthan, as except for Rajasthan in all the states across the country uniform VAT of four percent on clothes is applicable which is inclusive of MRP.

According to him, the hike will not only impact big-brand manufacturers, but also the small readymade manufacturers who hold registered trademarks will be affected. He stated that, quite possibly the government meant to tax the moneyed section of the society, who spent on those branded clothes, but the current hike, without any discrimination will be affecting even the poor class, as those big multinational brands have specifically not been distinguished from the local brands.

The Association maintained that owners of shop from big cities of Rajasthan participated in the strike. The shop owners in their corresponding collectorates, organized a march and also staged dharna's. Also a memorandum was handed over to the Chief Minister.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search