Su­rat tex­tile traders pre­par­ing GST de­mand list

Apparel Online - - Tex-file -

It has been seven months since Goods and Ser­vices Tax (GST) was first im­ple­mented. The tex­tile and ap­parel in­dus­try is still fac­ing the is­sues and learn­ing how to bet­ter deal with the new sys­tem.

In the lat­est de­vel­op­ment, tex­tile traders of Su­rat, the hub of In­dian man-made fabric (MMF) in­dus­try, are pre­par­ing a list of de­mands re­gard­ing GST and losses in­curred by the sec­tor due to the im­ple­men­ta­tion of the new tax regime.

They (the traders) were asked to do so dur­ing a meet­ing with Com­mer­cial Tax Com­mis­sioner PD Vaghela on Fe­bru­ary 5 in Su­rat. The meet­ing was at­tended by South­ern Gu­jarat Cham­ber of Com­merce and In­dus­try (SGCCI), Fed­er­a­tion of In­dian Art Silk Weav­ing In­dus­try (FIASWI) and pow­er­loom weav­ing com­mu­nity. “The

Tex­tile Com­mis­sioner has sought a de­tailed re­port from us re­gard­ing post GST losses and other is­sues. The is­sues will be taken up in the forth­com­ing GST Coun­cil meet­ing,” FIASWI Chair­man Bharat Gandhi was quoted as say­ing.

Re­fund of the GST paid on the tex­tile ma­chin­ery pur­chased un­der Ex­port Pro­mo­tion Cap­i­tal Goods (EPCG) scheme, open­ing stock credit on the goods held by the weavers and traders pre-GST are the long pend­ing de­mands of the in­dus­try. The del­e­ga­tion has also urged the

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