Home / Knowledge / News / Textiles / Telangana textile traders seek GST exemption
Telangana textile traders seek GST exemption
Jul '17
Textile traders of Telangana have urged the Central government to exempt them from the purview of Goods and Services Tax (GST), which has been implemented pan-India from July 1. Around 80 per cent of traders are from the unorganised sector and earn modest living from the trade, and the levy of GST would affect them as sales will decrease.

Under the GST, 5 per cent tax is levied on readymade garments priced under Rs 1,000 and 12 per cent on those priced over Rs 1,000. This would result in around 10 per cent increase in the final price paid by the consumer, according to Telangana State Federation of Textiles’ Association (TSFTA).

“The textile trade is a credit-oriented business. Especially in the wholesale trade, the payment is received only six months after the sale of goods. Under the new GST, the trader is expected to pay tax immediately after the sale. This will result in tremendous pressure on the trader in the form of liquidity,” TSFTA  president Prakash Ammanabolu, said while speaking to reporters in Hyderabad.

Raising TSFTA’s grievances with Union labour minister Bandaru Dattatreya, who was in the city, Ammanabolu said that the textile trade is carried out even in remote villages. Traders in these areas choose textile or garment business as it is a free trade and it does not require any particular skill. “The rural traders earn a small amount and their families depend on the business,” he said and requested the minister to represent their cause to Union finance minister Arun Jaitley and urge him to roll back the GST on small traders and retailers. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2018

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

news category

Related Categories:

Advanced Search