Bengaluru based South India Garment Association has written to Prime Minister Narendra Modi requesting the government to consider and remove 12 per cent GST slab on apparel priced more than Rs 1,000, and bring them under the 5 per cent rate. Discrimination in transaction value of apparel priced above and below Rs 1,000 is negatively impacting the industry.
The association has also requested removal of GSTR-1 and GSTR-2 to reduce complication of forms. “Only one form GSTR-3 submission is enough to declare details of GST collected and paid and the final monthly or quarterly return must be made for easing to do business,” the association president Murli Lakhanpal, and Anurag Singhla, chairman of the body’s taxation committee, said in the letter.
In addition, the association has requested placing of textile/fabric under zero per cent slab to increase all-round manufacturing activities to generate more employment.
Bengaluru based South India Garment Association has written to Prime Minister Narendra Modi requesting the government to consider and remove 12 per cent GST slab on apparel priced more than Rs 1,000, and bring them under the 5 per cent rate. Discrimination in transaction value of apparel priced above and below Rs 1,000 is negatively impacting the industry.#
The garment body has also asked the government to consider scrapping of e-way bill as the required information is being submitted in GSTR-3, which is enough to track transactions. (RKS)
Fibre2Fashion News Desk – India
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