The finished fabrics are not likely to be much costlier that the current prices after the 5 per cent GST is levied.
CR Paatil, MP Navsari, was felicitated by the South Gujarat Textile Processors' Association (SGTPA) for his contribution towards pursuing the processors' demand of getting the job work GST rates reduced.
SGTPA office-bearers went to Delhi to meet finance minister Arun Jaitley along with Paatil, who ensured that the GST rate on job work is reduced. This will be beneficial for the entire textile value chain, Jitu Vakharia, SGTPA president told a leading daily.
Textile processors carry out job work process of close to 3 crore metres of unfinished fabric, which is supplied to them by textile traders, on a daily basis. (KD)
Fibre2Fashion News Desk – India