Ludhiana: Traders and city footwear producers against GST (tax and service taxes) in this item from 5 to 12% since January 1, because they claim that it will cause them to lose sales and get financial burdens.
Entrepreneurs claim that GST on textiles and garments is also proposed to be increased in the same way but the government has saved the sectors without extending the same concession to the footwear industry.
Describing the objection, Harvinder Singh from the wholesale shoe market association Ghanta Ghar said: “GST on any footwear, including shoes, chappals, and sandals, with prices below RS 1,000 have been made up to 12%.
This is the biggest setback for our trade , Because the tax rate is more than doubled, the consequences that will become a disaster for the two merchants are also manufacturers.
Our cost of doing business will increase and sales will fall due to the increase in selling prices.
“SINDER SINGH footwear merchant said:” What is the most Making us upset is that when last year the notification was issued by the tax authority about the increase in the GST level, the footwear was put into a 5% tax plate with textile and new products but a new level.
But a new level of 12% was slapped selectively in the footwear sector only.
We are not against the textile and garment sector but we do not like the persecution of our industry, which has a rib UAN micro businessman and small level.
“E industry sector E wants the government to restore GST level to 5%.
Ramandeep Shoe Traders said:” The 7% increase in GST will hit our business hard, because the level of all types of shoes and allied products previously in the 5% slab will increase Significant, forcing consumers to limit their purchases.
We asked the central government to reconsider his decision and roll back the increase in GST on footwear.
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