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Surat's textile hub consolidated as small players failed to survive GST

This ground report from the diamond city captures the travails of small-scale units

Topics
Goods and Services Tax | GST | Surat

Vinay Umarji  |  Surat 



Surat, Textile
A big blow to the industry in the first year was that even though the conversion of texturised yarn into grey fabric attracted five per cent GST, the weavers could not avail of the input tax credit refund.

For 37-year-old Monty Manghani, the year 2017 was a milestone. After years of struggle, the annual revenues from his trading unit in Surat, which houses the country’s largest cluster of synthetic textiles, was about to touch Rs 1 crore.

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First Published: Wed, June 29 2022. 18:19 IST

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