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FM Organized traders and unorganized sellers in Textile Sector have not been affected by the Goods and Services Tax (GST)

Goods and Services Tax - GST - Dated:- 18-7-2017 - In a written reply to a Starred Question in Rajya Sabha today, the Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that the organized traders and unorganized sellers in Textile Sector have not been affected by the Goods and Services Tax (GST). Shri Jaitley said that the GST rate structure for the textile sector was discussed in detail in the GST Council Meeting held on 3rd June, 2017, wherein the Council recomme .....

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made ups of sale value not exceeding ₹ 1000 per piece. (ii) 12% GST rate for garments / made ups of sale value exceeding ₹ 1000 per piece. Thus, the GST rate structure for the Textiles Sector enables ease of classification and determination of rate. The main demand of the textile traders is not to put any tax on fabrics. However, the same cannot be accepted because of the following reasons: Nil GST on fabrics will break the input tax credit chain and then the garments / made ups man .....

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