The Textile & handloom sector provides the second highest employment in our country, the need of the hour is to extend additional advantages and incentives to the sector : KTR

KTR, Working President, TRS :

On behalf of the Telangana Govt, I hereby once again request Hon’ble Union Finance Minister & Head of GST Council Nirmala Sitharaman Ji to immediately withdraw the plans of revising GST from 5 per cent to 12 per cent on Textiles and Handlooms sector from January 1, 2022.

The Handlooms & Textiles industry & the millions of weavers’ community has staged several protests demanding the Union Govt. to waive off GST on handloom products and its raw material over the last few weeks.

In recent times, the cost of raw materials have increased and the industry margins have drastically gone down During these difficult times, increasing taxation will create adverse situation and may lead to the closing of thousands of textile units across the nation.

Instead of waiving off the 5% GST on handloom products and its raw material and coming to the rescue of the weavers, the Union Govt is planning to increase it to 12% from 01/01/2022, which will sound a death knell to the industry and lakhs of people will lose their jobs.

The Textile & handloom sector provides the second highest employment in our country. This sector is already bearing the brunt of COVID Considering the current scenario, the need of the hour is to extend additional advantages and incentives to the sector. Not tax it further!

Farmers have already come on to the streets & forced a rollback of ill-conceived farm laws I urge GoI to immediately withdraw the decision the proposed increase in GST Or else weavers of this country will repeat what their farmer brethren have done & we will stand by them.

Leave a Reply