Home / Knowledge / News / Textiles / J&K handicrafts need exemption from GST - FM
J&K handicrafts need exemption from GST - FM
15
Jun '09
A meeting of Empowered Committee of Finance Ministers of all the states of the country was held recently. The Finance Minister of West Bengal, Mr. Asim Das Gupta headed the meeting, where the Finance Minister of J&K, Mr. Abdul Rahim Rather also marked his presence.

Mr Rather said in the meeting that unfavorable conditions experienced by J&K state during the last few months had affected the growth rate of trade taxes drastically. It has fallen to 14 percent, which also was the result of global economic slowdown, particularly for the last two quarters of 2008-09, he added.

Emphasizing on the introduction of new regime of GST, Mr. Rather said that the Empowered Committee should seriously think about placing commodities like handicrafts, food grains as well as the services provided by the government and local bodies under exempted category.

A large number of poor artisans of the state, who are getting employment through the handicraft sector, need to be exempted from imposition of GST, added Mr Rather.

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

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

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

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

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