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Textile industry pitches for lower GST on man-made fibre

Press Trust of India  |  New Delhi 

The textile industry today asked the Council to consider reducing the rate on man-made fibres, filaments and yarns to 12 per cent from 18 per cent.

The Southern Mills' Association (SIMA) also demanded inclusion of garments in the 5 per cent bracket under the Goods and Services (GST) regime.

High on man-made fibres, filaments and yarns "would significantly increase the fabric cost and seriously affect the independent spinning and weaving units including powerloom sector," it said in a statement.

The Export Promotion Council for Handicrafts also asked the Council to address issues related to the sector.

It said handicraft is currently exempted from Central Excise and VAT in various states.

The Council is holding its 16th meeting here tomorrow.

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

First Published: Sat, June 17 2017. 20:32 IST