Home / Knowledge / News / Textiles / Kerala textile traders urge govt to withdraw turnover tax
Kerala textile traders urge govt to withdraw turnover tax
Feb '14
Textile and garment traders in the southern Indian state of Kerala have urged the state government to withdraw the proposed turnover tax on textiles, reports The Hindu Business Line.
In the State Budget for 2014-15, the Government of Kerala has proposed levying of two percent tax on textile wholesalers and retailers with turnover of more than Rs. 10 million per annum, and thereby mobilize Rs. 1 billion in additional revenue for the government.
At a meeting in Thrissur, the Kerala Textile and Garments Dealers Welfare Association has decided to stop buying textiles and clothing items from other states from April 1, 2014, if the government does not withdraw the tax as proposed in the State Budget for 2014-15.
However, the official declaration of stopping purchases from other states would be made during the next meeting of the State Council of the Association, by end of next month.
Kerala depends on other states for meeting its demand for textiles and clothing, and the introduction of turnover tax would make the products cheaper in the neighbouring states compared to Kerala. As a result, consumers may prefer to buy textiles and readymade garments from the neighbouring states, at the expense of local traders, the Association said.

Fibre2fashion News Desk - India

Interviews View All

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

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

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Davide Vigano, Sensoria

Davide Vigano

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

November 2019

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

news category

Related Categories:

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search