Textile traders opposing to the Delhi government’s tax proposal for the textile industry as the uniform rate of 5% on all varieties of textiles and fabrics except khadi and handloom would hit business.
Traders also pointed out that other manufacturing hubs like Surat, Mumbai, Malegaon, Erode, Gorakhpur, Kanpur, Amritsar and Ludhiana levy no blanket VAT on textiles and fabrics.
The Textile Association (India) member J B Soma, said that traders would write to the government to junk the hike.
According to Sanjiv Mehra, president, Khan Market Traders’ Association, with the raw material costing 5% more, the finished products would cost 5% more too. Buyers would look at Gurgaon and other parts of Haryana because of this and Delhi would lose its distribution character
Mehra is of the view that it’s irrational to slash tax on ready-made garments that cost over Rs 5,000 to 5%, but levy 12.5% tax on cloth that costs Rs 50.
Pramod Kumar, president, Sarojini Nagar Traders’ Association, said that even a 5% hike in taxes was significant as customers would have to bear the higher tax on both the raw material and finished product.
Samantha Ruth Prabhu has launched Mile Collective, an activewear and lifestyle brand, in partnership with co-founders Harshita Motaparthi and Pravishta…
Covation Biomaterials has announced plans to sell its stake in the Primient Covation business, which produces 100 percent bio-based 1,3…
Archroma and HeiQ have signed a co-marketing agreement to jointly offer sustainable anti-odor and antimicrobial textile technologies to markets worldwide.
The Hong Kong Polytechnic University (PolyU) has developed new soft magnetorheological textiles that could have wide applications in future smart…
Levi Strauss has introduced a new clothing repair initiative designed to encourage high school students to take an active role…
Silk clothing and accessories brand Anaphe is unveiling ReWritten, a collection that reimagines denim using silk, femininity and effortless modern…