Textile traders urge exemption

Textile traders urge exemption
Highlights

Andhra Pradesh Textile Federation (APTF) president Busireddy Malleswara Reddy demanded that the Union and state government should exempt GST tax on textiles. He opined that imposing of GST would wreck small and medium textile traders.

Vijayawada: Andhra Pradesh Textile Federation (APTF) president Busireddy Malleswara Reddy demanded that the Union and state government should exempt GST tax on textiles. He opined that imposing of GST would wreck small and medium textile traders.

He inaugurated APTF office at Sri Krishnaveni Whole Sale Clothes Market in Panja Centre, here on Friday. Later, speaking to newsmen, he said that from yarn to retailer 30 to 35 per cent to 35 percent tax would be imposed under GST.

“Union government decided to impose 18 per cent tax on yarn, 12 per cent on readymade garments and 5 per cent on retailer sales. This is a critical situation for traders, we will convene a state-level meeting, here on June 11,” he informed.

Reddy stated that the federation would organise a protest until the centre rolls back GST tax on textiles. He recalled that at the time of VAT, the traders were on protest till the tax was cancelled.

Show Full Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
Subscribed Failed...
Subscribed Successfully...
More Stories


Top