Hiking GST on handlooms, textiles will ring death knell for industry: TRS – Business Standard

The working president of ruling TRS in Telangana K T Rama Rao on Friday claimed that the enhancement of GST on handlooms and textiles from five to 12 per cent would be a death knell for the industry.

Rama Rao, State Minister for Industries, urged Prime Minister Narendra Modi to intervene in the matter to save weavers.

“Hon’ble @narendramodi Ji, on the national handloom day you had talked of strengthening #Vocal4Handmade. Contrary to the idea, your govt has enhanced GST on Handlooms & Textiles from 5 to 12 % which will be a death knell for the industry. Request you to intervene & save weavers,” Rama Rao, son of Chief Minister K Chandrasekhar Rao, tweeted.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Source: https://www.business-standard.com/article/economy-policy/hiking-gst-on-handlooms-textiles-will-ring-death-knell-for-industry-trs-121122400907_1.html

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