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No Effect Of GST On Textile Sector Says Finance Minister Arun Jaitley

In the backdrop of textile traders protests in several states against GST on textile products, Minister of Finance, Defense and Corporate Affairs, Arun Jaitley said in Rajya Sabha said that the goods and services tax (GST) will not have effect on both organized vendors and unorganized vendors in in the textile sector.
Mr. Jaitley told the MPs that the GST tax structure for the textile sector was widely discussed in the GST Council and recommended a detailed tax structure for the textile sector.
If the fabric has zero GST then the garment manufacturers cannot get tax credits in the earlier stages.
He said that there was always tax incurred on textile sector in India and various centers are opened to facilitate taxpayers to get GST registration and provide necessary guidelines.
Source: pib.nic.in

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