Erode textile merchants seek exemption from GST, threaten stir

Merchants argue that 5% slab on textile goods would affect trade & consumers would also be affected

protest against the GST, textile
Local traders raise slogans to protest against the GST during a day-long strike in Amritsar on Tuesday Photo: PTI
Press Trust of India Erode (Tamil Nadu)
Last Updated : Jul 02 2017 | 6:21 PM IST
Representatives of Erode Handloom Cloth Merchants Association will meet Union Minister Arun Jaitley soon to reiterate their demand to withdraw five per cent GST on textile goods, failing which they threatened an indefinite stir.

Speaking to reporters after the Association's general council meeting here today, its president R Ravichandran said the Finance Ministry's decision to levy five per cent GST for textile goods would certainly affect their trade and consumers would also be affected.

They had already sent a representation to the Ministry of Finance seeking to exempt them from GST, but nothing was done, he claimed.

Also Read

Further, he said they had made attempts to meet the Minister, who had granted time on Monday or Tuesday.

"If the Finance Minister accepts our plea and exempts us from GST, we will continue our trade, failing which we will resort to an indefinite strike from July 5 in Erode district, as a result of which textile shops, powerloom weaving sheds and textile dyeing units, would shut shop," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 02 2017 | 6:10 PM IST

Next Story