You are here: Home » News-IANS » Business-Economy
Business Standard

Kanpur textile merchants down shutters against GST

IANS  |  Kanpur 

The wholesale textile merchants in downed shutters on Thursday against some provisions of the Goods and Services (GST), set to be implemented across the country from July 1.

There are about 4,000 wholesale shops here whose daily trade in textiles is worth around Rs 100 crore.

The retail outlets, however, have been given exemption owing to forthcoming Eid festival and have been asked to open shops if they wish to.

As of now, traders say, there was only at the entry point and no taxation thereafter.

"There was no deliberation on the textile sector and we thought that we were exempted but now have been told of a 5 per cent on clothes," said an angry trader.

Angry at the new tax regime, the traders have now threatened that they will neither pay tax nor get themselves registered for the

"This is just a token show of protest," a trader said, adding that if things were not settled before the actual rollout, the traders would proceed on an indefinite strike from July 1.

gets maximum cloth from Surat and traders there have already announced strike from July 1.

Cloth Merchant Association president Kashi Prasad Sharma said as of now, their focus was on Thursday's strike and they would take a call on the July 1 strike after considering a response from the central government, if any.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 16:34 IST