Ludhiana: With only five days to go for January 1, when GST on textiles and garments will increase from 5% to 12%, entrepreneurs are very angry.
They urge the center to reconsider their decisions or they will be forced to start agitation.
They said the increase would not only lead to increases at the level of clothing, but it would also mean more funding requirements to run a business.
remaining days.
The textiles and garments are now billed at 5% GST will be expensive.
By placing a very large tax burden on us, which will make our final product more expensive, the government forces us in the agitation path.
This is our request to the center to postpone this decision for six months at least or we will be forced to start agitation of countries.
“According to Vinod Thapar, the Chair of the Knit Club,” Over the past few months, we have sent repetitive requests and some representation to the center and the state, asking not to add GST from 5% to 12%.
But until now we do not receive a positive response.
So, we have held a business association meeting in this sector on Monday to wear our plan to fight this unreasonable step.
“Atul Saggar, Secretary General of the Clothing Producers Association, Ludhiana, said,” The government has not studied land reality.
There are a large number of small factories and retailers and small distributors.
So if the GST level increases by 7%, not just an increase in garment costs for consumers, but investment in business will also shoot for factory owners who have faced difficulties.
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