Nagpur: The textile traders in Nagpur staged a dharna demonstration in protest against the proposed GST hike on various textile products from 5 per cent to 12 per cent. The traders unanimously demanded that the government should roll back the proposed GST hike on various textile products.
Recently, the GST Council decided to increase the GST to 12 per cent from 5 per cent on readymade garments with effect from January 1, 2022.
Today’s Rate
Thursday 07 Nov. 2024
The Nagpur textile traders, under the banner of the Wholesale Cloth and Yarn Merchants Association, said that the GST hike will adversely affect the business of retailers and wholesalers that are already passing through a bad phase due to subsequent two waves of Covid-19.
“In the name of tax restructuring in the GST Council, the decision to increase the GST of apparel from January 1, 2022, is completely impractical and illogical.
The proposed GST hike on various textile products is very painful for all the manufacturers, traders and public of the country,” lamented the Wholesale Cloth and Yarn Merchants Association and demanded immediate withdrawal of the proposed GST hike on textile products. The Association further added that the Textile Ministry had suggested to keep the current GST rate on textiles but the Finance Ministry rejected the suggestion.
The textile traders staged the dharna demonstration in front of the gate of Wholesale Cloth Market.
Those who participated in the agitation include President of the Wholesale Cloth and Yarn Merchants Association Gopal Bhatiya, Secretary Manak Bhutada, NVCC President Ashish Mehadiya, Secretary Ramavatar Totla, CAMIT President Dipen Agrawal, NCCL President CA Kailsh Jogani, Secretary Tarun Nirvan, Readymade Association’s Gopal Agrawal, Anil Jain, Dinesh Sarda, Sushil Jham, Ajay Madan, Piyush Shah, Gopal Multani, Pratap Thawrani, Umakant Jaju, Govind Pasari, Girish Lildiya, Vipin Panpaliya, Venugopal Agrawal, Pramod Agrawal, Prakash Daga, Narayan Toshniwal, Arvind Chandak, Vinayak Sakode, Rupchand Loya, Tulsidas Chandak, Indra Khushlani, and around 400 wholesale, readymade, and retail traders.
