Chandigarh Beopar Mandal opposes GST hike on textiles

The Chandigarh Beopar Mandal opposed the increase in GST from 5% to 12% on fabrics, ready-made garments and footwear costing up to of ₹1,000 at a meeting of its GST coordination committee

The Chandigarh Beopar Mandal opposed the increase in GST from 5% to 12% on fabrics, ready-made garments and footwear costing up to of ₹1,000 at a meeting of its GST coordination committee.

From January 1, GST has been hiked from 5% to 12% on fabrics, ready-made garments and footwear costing up to of ₹1,000. (Representative image)

Ram Karan Gupta, chairman of the GST coordination committee, CBM said that textile traders are apprehensive of further slowing down of business after the hike.

Charanjiv Singh, president of CBM said that they have written to Union finance minister Nirmala Sitaraman urging her to defer the notification, as increased prices will disturb the budget of the middle class which is already suffering because of high inflation.

The CBM members said that if the increase in GST rates is implemented, CBM may also resort to agitation on call of respective trade associations merchant and join the nationwide protest being carried out in some other states of the country.