+917718880355

news

AP textile traders demand exemption of GST on textiles

YarnsandFibers News Bureau 2017-06-12 11:00:00 – Vijayawada

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

Reddy at the inauguration of APTF office at Sri Krishnaveni Whole Sale Clothes Market in Panja Centre, on Friday said that from yarn to retailer 30 to 35 percent tax would be imposed under GST.

Reddy stated that they will convene a state-level meeting, on June 11 and that the federation would organize a protest until the centre rolls back GST tax on textiles.

Union government decided to impose 18 percent tax on yarn, 12 percent on readymade garments and 5 percent on retailer sales. This is a critical situation for traders.

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!