STOCK MARKET BSE NSE

Withdraw additional GST on textile industry: KTR to Centre

The Minister said the GST hike would affect the industry which is hoping to come out of the Covid crisis.

Published: 31st December 2021 09:15 AM  |   Last Updated: 31st December 2021 09:15 AM   |  A+A-

KTR

Telangana minister KT Rama Rao (Photo| Twitter)

By Express News Service

HYDERABAD: Telangana Handlooms and Textiles Minister KT Rama Rao, on Thursday,  demanded that the Centre immediately withdraw the additional GST proposals to be levied on the textile industry from January 1. Rama Rao penned a letter to Union Finance Minister Nirmala Sitharaman asking her to withdraw the tax hike proposal at the GST Council to be chaired by her on Friday. He said the GST hike would affect the industry which is hoping to come out of the Covid crisis.

He said 80 to 85 per cent of the country’s handloom industry products would be adversely affected by the GST hike. Rama Rao pointed out that the Central government, which could not keep its promise of creating 2 crore jobs a year, should immediately withdraw the hike proposal. 

Ammonabolu Prakash, president of the Telangana State Federation of Textile Associations, said that the textile industry is present even in remote villages and 80 per cent of the people in this trade are part of the unorganised workforce and can’t be employed in other industries. 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp