Textile mills write to PM on GST

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Over 400 textile mills in the State have written to Prime Minister Narendra Modi seeking levy of the minimum five per cent tax for the entire textile value chain under Goods and Services Tax (GST).

According to Prabhu Damodaran, secretary of Indian Texpreneurs Federation, since Monday morning 471 mills have written to the Prime Minister on this issue through the My Government portal. “We have made representations to the Union Government through the association on the GST. Since this is a very important reform and to draw the attention of the Prime Minister to the textile sector, we decided that individual mills will also write to the Prime Minister on this,” he said.

There are several personnel involved in the GST council and many discussions take place.

 The demands of the industry should be met completely so that there is no issue when the GST is implemented. The association has two major demands – the levy of GST should be five per cent from raw material to the finished product in the textile value chain.

It should not be higher for any product and no segment in the value chain should be exempted from the GST system too, he said.

Several garment manufacturers in Tirupur have also written to the Prime Minister in this regard, he added.

Source: http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/Textile-mills-write-to-PM-on-GST/article17244531.ece

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