 | |||
| Image Source: Google |
Exporters and Textile Manufacturers India are rejoicing on the
passage of GST. Indian Texpreneurs Federation (ITF), an apex body of
textile sector, expressed confidence about the positive impacts of GST
on overall economic growth in the next few years and said it would make
the manufacturing sector more competitive. An opportunity for the
government to bring the entire textile sector under tax net and this
move will bring more transparency in the system and will trigger growth.
In
this regard, Tirupur Exporters' Association President A Shaktivel said
GST would give a push for export of garments and described it as a "game
changing" reforms.
The industries and the people will get
benefit out of the introduction of GST in the system.As far as the
textile sector, being an essential item for the common man, textile
items should be kept under GST with the minimum possible tax slab with
the special rates.
No comments:
Post a Comment