Service tax hike to raise garments cost: Texprocil
Apex textile body alleges govt has neglected the sector in the Union Budget
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An increase in service tax will increase overall manufacturing cost of garments, said R K Dalmia, Chairman, The Cotton Textiles Export PromotionCouncil (TEXPROCIL).
Expressing displeasure over the Finance Minister Arun Jaitley's proposal to increase service tax to 14% from existing12.36%, the apex textile body says despite textile being the highest employment generator, the government neglected the sector in the Union Budget.
Expressing displeasure over the Finance Minister Arun Jaitley's proposal to increase service tax to 14% from existing12.36%, the apex textile body says despite textile being the highest employment generator, the government neglected the sector in the Union Budget.
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First Published: Mar 03 2015 | 2:52 PM IST