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Stung by GST, textile traders meet Chief Minister K Chandrashekar Rao
Chief Minister K Chandrashekar Rao on Monday assured that he would up take the grievances faced by the trading community, following the launch of GST, with the Union government. The assurance comes after strong protests launched by the textile and cloth merchants against the Goods and Services Tax (GST).
Hyderabad: Chief Minister K Chandrashekar Rao on Monday assured that he would up take the grievances faced by the trading community, following the launch of GST, with the Union government. The assurance comes after strong protests launched by the textile and cloth merchants against the Goods and Services Tax (GST).
A delegation of the cloth merchants association called on Chief Minister at Pragathi Bhavan and submitted a memorandum requesting him to come to their rescue from the financial implications under the new tax system.
The association leaders brought to the notice of the Chief Minister that textiles had been exempted from tax bracket earlier but, under GST, 5 per cent tax is levied which would adversely affect the trade.
In a quick response, K Chandrashekar Rao said that he had already asked the centre to exempt textiles, granite, two bedroom houses scheme, drinking and irrigation schemes from the purview of the GST. He would bring to the notice of the Prime Minister Narendra Modi the plights of the textile traders again.
The Chief Minister assured that these matters would be solved in the GST Council meeting soon.
