India

GST Hike On Textiles Deferred – Government will not increase GST on clothes, decision taken after strong protest

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Amidst strong opposition to the proposal to increase GST on clothes, the central government has backtracked in this matter. In the 46th meeting of the Goods and Services Tax Council held on Friday, it has been decided that the GST on clothing will not be increased from 5 percent to 12 percent. Traders organizations took to the road in many states regarding this and the governments of Gujarat, West Bengal, Delhi, Rajasthan and Tamil Nadu also opposed it.

The states had said that they strongly oppose the proposal to increase the rate of GST on clothes.

West Bengal Finance Minister Amit Mitra had told Union Finance Minister Nirmala Sitharaman that by doing this one lakh units of the textile business would be closed and 15 lakh jobs would be lost.

Industrial organizations had also opposed this and said that it would make clothes expensive. A unique demonstration was held in Indore regarding this. Here the businessmen raised slogans by extinguishing the lights of the showroom and its video became quite viral on social media.

Traders said that if the GST on clothes is 12 percent, then inflation will reach its peak and it will affect every person in India.

Traders said that due to the lockdown imposed after the corona infection, their business has likewise slowed down a lot. After increasing the GST, their back will only break. He had warned of agitation against the central government.

Finance ministers and senior officials of several states, including Union Finance Minister Nirmala Sitharaman, participated in the GST Council meeting.

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Usama Younus

Usama Younus is the owner and super admin of the site he's is an expert in news editing, tech and entertainment magazine management, and articles editing E.T.C.

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