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GST impact: Surat textile traders may go on strike again

Despite GST cut in job work, industry says it's of limited help

Vinay Umarji  |  Ahmedabad 

The Rs 50,000-crore Surat-based textile industry says it is unimpressed at, the recent goods and services tax (GST) cut on third-party services, popularly known as job work. The city’s textile traders plan to have a meeting on Tuesday with national counterparts on the course of action, including a possible renewal of their earlier strike.

The 75,000-odd textile traders had resumed business on July 19 after the government had assured revision of rates in the August 5 GST Council meeting. Their strike had begun on June 16, with an estimated loss of Rs 5,000 crore and ...

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First Published: Mon, August 07 2017. 01:02 IST
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