Attire makers, Retail Information, ET Retail

Junk draft GST hike: Apparel makersAhmedabad: Producers of apparels and clothes have requested the Centre in addition to the GST Council to cancel the proposed GST hike on textiles. It has been proposed that the GST charge on apparels and clothes costing above Rs 1,000 could be elevated from the prevailing 5% to 12% efficient from subsequent January.

The Gujarat Clothes Producers’ Affiliation (GGMA) made a illustration to Prime Minister Narendra Modi, requesting towards hike in tax charge because the business remains to be recovering from the after-effects of the slowdown post-pandemic.

“Most industrial models proceed to function at 65% of the pre-Covid ranges. Furthermore, uncooked materials costs have proven a steep rise. Already post-pandemic, a minimum of 15% of garment manufacturing models have completely shut down or else have scaled down operations,” states the illustration.

Attire producers have cited that if the tax charges are elevated, it’s going to dent their competitiveness.

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