It is anticipated that textile traders in Gujarat, Delhi, Maharashtra, Punjab, West Bengal, Rajasthan, Tamil Nadu and other parts of the country will go on strike from Tuesday. Around 35,000 textile shops in Telangana are expected to remain close while nearly 70,000 textile establishments in Surat have been shut since June 24, 2017, according to media reports.
Cloth merchants and powerloom weavers and workers are also expected to join the strike. In an attempt to save the powerloom sector, a request has been made by the Tamil Nadu Powerloom Federation for exemption from GST.
Further, a representation has been made by the Federation of Gujarat Weavers Welfare Association (FOGWWA) for various issues including implementation of fibre policy for all fibre kinds, refund of accumulated GST credit and lowering GST on yarn to either 5 or 12 per cent among others.
"The GST Council had promised that it is not going to tax textiles. But contrary to their promise, they have imposed a 5 per cent tax on the commodity. This will result in closure of scores of shops," according to Telangana State Federation of Textile Associations. "The textile trade is quite different from some other businesses. Payments come very late, say after six months, after dealers or stockists supply it to retailers. But we are expected to pay the tax immediately. This will result in tremendous amount of pressure on the trader for working capital," he said. (RR)
Fibre2Fashion News Desk – India
Apparel/Garments | On 17th Oct 2018
Readymade garment exports from Bangladesh increased by 14.66 per cent ...
Textiles | On 17th Oct 2018
A World Trade Organisation (WTO) panel recently rejected Panama’s...
e-Commerce is still evolving fast with constant flux and surprises
‘The intimatewear category in India is slowly becoming trend-sensitive.’
The S Studio
Ethnicwear market will see an upward trend if uniqueness and quality are...
Premier Looms is a leading provider of cutting-edge machinery and...
Conceived in Europe and curated in New Delhi, NeceSera is a...
Aizome, Asia's first Fairtrade denim brand, is all set to launch next...
Focusing on bold patterns and colour palettes, Luis Quijano, a student at...
About one in every 20 patients picks up an infection while hospitalised....
A team of engineers at the Vanderbilt University has designed a smart...