Home / Knowledge / News / Textiles / Orissa textile traders resent VAT; plan protest
Orissa textile traders resent VAT; plan protest
24
Feb '12
In response to the decision of the Orissa Cabinet to impose five percent value added tax (VAT) on textiles, the traders in the east Indian state are planning to agitate from next week.

The cabinet decision to levy VAT and to hike its base rate from four percent to five percent is expected to be included in the state budget 2012-13, the traders said.

The All Orissa Textile Merchant Association said it is planning to launch a state-wide agitation from March first week demanding rollback of VAT and withdrawal of entry tax, currently collected at two percent on textile products.

Traders say the cost of textile items in the state would go up by 20 percent due to the continuation of two percent entry tax and the imposition of five percent VAT.

As a result, consumers will prefer to buy from neighbouring states where these items would be relatively low-priced, as none of the adjoining states – Andhra Pradesh, Jharkhand and West Bengal – are levying entry tax on textile goods.

Last year too, the Orissa government announced imposition of VAT on textiles at four percent, but subsequently, the government bowed to intense pressure from protesting traders and withdrew the tax.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Apparel/Garments | On 28th Mar 2017

US withdrawal from TPP to not impact Vietnam garment exports

A high ranking official of the Vietnam Textile and Apparel...

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search