The South Gujarat Textile Processors Association (SGTPA) recently met the sectoral co-convener of goods and services tax (GST) council Yogendra Garg to demand a level-playing field for the man-made fabric (MMF) sector compared to cotton. While GST is 18 per cent on MMF yarn and 5 per cent on fabric, for both cotton yarn and fabric, GST remains 5 per cent.
Cotton fabric is preferred by the rich while polyester is known as the fabric of the poor. Despite this, the government has separate GST rates for the two sectors, the association complained, according to a report in an Indian English-language daily.The South Gujarat Textile Processors Association (SGTPA) recently met the sectoral co-convener of goods and services tax (GST) council Yogendra Garg to demand a level-playing field for the man-made fabric (MMF) sector compared to cotton. While GST is 18 per cent on MMF yarn and 5 per cent on fabric, for both cotton yarn and fabric, GST remains 5 per cent.#
According to SGTPA president Jitu Vakharia, more than 50,000 fabric workers have been rendered jobless in the last two months. (DS)
ALCHEMPro News Desk – India
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