Tuesday , February 7 2023

KTR’s Strong Plea to Centre–Withdraw GST hike on Handloom sector

Hyderabad, Dec.19 (PMI): The Telangana Government has strongly opposed the Centre’s decision to increase the GSTon handloom products from 5 to 12 per cent, from January 1,2022 and said  it will deal a death blow to the handloom and textile sector.

      Minister KTR today addresses a lengthy letter to the  Union Textiles Minister Piyush Goel, requesting him to withdraw the decision as it would further worsen the living conditions of the weavers community.. KTR  pointed out that the Covid-19 had created a very difficult situation for the handloom sector during the past two years   and the present decision would further deteriorate it. He pointed out that even when 5 per cent tax was imposed earlier, the industry had agitated agaist it.

          He stated that in Telangana, world famous handloom sarees producing weavers are much worried about the hike in GST. As it is the profitability is less than five per cent and the increase by 7 per cent would result in huge losses to the handloom sector. The demand for handloom products was already decreasing and the present hike would result in further decrease in demand.

        KTR pointed out among other things that the cost of yarn and chemicals had already increased dealing a blow to the industry. In this background the present decision might force the closure of handloom units. He said that 80  per cent of the handloom sector is in small and medium  sector in the country and, it has already become difficult for revival of the MSME units in view of the exiting taxes. In view of the meager profits in the handloom sector, the new generation would be forced to leave the industry.

         The Minister further said it is necessary to look at the handloom sector as one of country’s culture and tradition, instead of as an industry, and withdraw the present hike. (PMI)

Check Also

𝐑𝐚𝐜𝐡𝐚𝐤𝐨𝐧𝐝𝐚 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐚𝐫𝐚𝐭𝐞 𝐭𝐫𝐚𝐟𝐟𝐢𝐜 𝐰𝐢𝐧𝐠 𝐜𝐚𝐫𝐫𝐢𝐞𝐝 𝐨𝐮𝐭 𝐚 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐃𝐫𝐢𝐯𝐞 𝐨𝐧 𝐈𝐦𝐩𝐫𝐨𝐩𝐞𝐫/ 𝐈𝐫𝐫𝐞𝐠𝐮𝐥𝐚𝐫/ 𝐓𝐚𝐦𝐩𝐞𝐫𝐞𝐝/ 𝐄𝐫𝐚𝐬𝐞𝐝 𝐍𝐮𝐦𝐛𝐞𝐫𝐬

Hyderabad 27 Jan 2023 (PMI): 𝐀𝐬 𝐩𝐞𝐫 𝐭𝐡𝐞 𝐢𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐂𝐏 𝐑𝐚𝐜𝐡𝐚𝐤𝐨𝐧𝐝𝐚 𝐒𝐫𝐢. 𝐃𝐒. 𝐂𝐡𝐨𝐮𝐡𝐚𝐧, …