Home / Knowledge / News / Textiles / Orissa puts 'VAT on textiles' on hold
Orissa puts 'VAT on textiles' on hold
06
Apr '12
The Orissa government has put on hold the collection of five percent value added tax (VAT) on textiles following protests from traders.

In the state Budget for 2012-13, the Orissa government had announced imposition of five percent VAT on textiles from April 1, 2012.

The move was protested by traders who went on strike and threatened to stop selling textiles procured from other states.

Subsequently, the state Finance Minister Prafulla Chandra Ghadai assured textile traders that the government would look into the issue and the imposition of VAT was put on hold.

The government would now be consulting with neighbouring states of Andhra Pradesh, Madhya Pradesh and Chhattisgarh before finally deciding on the matter.

The Andhra Pradesh government has introduced VAT on textiles, but is yet to implement the same. While the Madhya Pradesh government has announced rollback of VAT after imposing the same, the Chhattisgarh government has slashed VAT rate from five percent to one percent.

Last year too, the Orissa government had announced levying of VAT on textiles at four percent, but subsequently the tax was withdrawn following intense pressure from protesting traders.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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:
May 2017

May 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