Home / Knowledge / News / Textiles / Gujarat textile traders unhappy over GST Council decisions
Gujarat textile traders unhappy over GST Council decisions
18
Oct '17
The textile associations in Gujarat are satisfied as the recent meeting of the Goods and Service Tax (GST) Council had resolved most of their issues, minister of state for road transport and highways, shipping, chemical and fertilizers Mansukh Mandaviya claimed. However, power loom weavers and textile traders expressed their unhappiness over the decisions.

All 12 demands from three segments of the textile sector were accepted by the council, Mandaviya said addressing media persons in Surat recently.

The Federation of Surat Textile Traders' Association (FOSTTA) and the Federation of Gujarat Weavers' Association (FOGWA) have, however, jointly decided not to celebrate the Hindu festival of Diwali. Many textile markets in Surat will not be illuminated as a mark of protest against the central government, according to a report in a leading Indian newspaper.

The GST Council reduced the GST on yarn from 18 to 12 per cent, which will result in less accumulation of input tax credit (ITC) by weavers. Cent per cent credit is now available on duty payment on input stock, Mandaviya said.

From unfinished fabrics to finished fabrics saris and dress material, textile pass through at least 15 stages and at 5 per cent GST is charged at each stage. Traders’ demand for a single GST at the final stage has not been accepted, according to FOSTTA president Manoj Agarwal. Also, the composite scheme of Rs 1 crore and the quarterly return for those having turnover up to Rs 1.5 crore is not of any use to the traders, he added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

PVH, WWF tie up to protect water bodies in Ethiopia, India

Apparel/Garments | On 23rd Apr 2018

PVH, WWF tie up to protect water bodies in Ethiopia, India

PVH Corp , parent company of brands like Tommy Hilfiger, Calvin...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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