KTR’s Strong Plea to Centre: Withdraw GST hike on Handloom sector
Hyderabad, Dec.19 (Maxim News): The Telangana Government has strongly opposed the Centre’s decision to increase the GST on handloom products from 5 to 12 per cent, from January 1,2022 and said it will deal a death blow to the handloom and textile sector.
Minister KTR today addresses a lengthy letter to the Union Textiles Minister Piyush Goel, requesting him to withdraw the decision as it would further worsen the living conditions of the weavers community.. KTR pointed out that the Covid-19 had created a very difficult situation for the handloom sector during the past two years and the present decision would further deteriorate it. He pointed out that even when 5 per cent tax was imposed earlier, the industry had agitated agaist it.
He stated that in Telangana, world famous handloom sarees producing weavers are much worried about the hike in GST. As it is the profitability is less than five per cent and the increase by 7 per cent would result in huge losses to the handloom sector. The demand for handloom products was already decreasing and the present hike would result in further decrease in demand.
KTR pointed out among other things that the cost of yarn and chemicals had already increased dealing a blow to the industry. In this background the present decision might force the closure of handloom units. He said that 80 per cent of the handloom sector is in small and medium sector in the country and, it has already become difficult for revival of the MSME units in view of the exiting taxes. In view of the meager profits in the handloom sector, the new generation would be forced to leave the industry.
The Minister further said it is necessary to look at the handloom sector as one of country’s culture and tradition, instead of as an industry, and withdraw the present hike. (Maxim News)
Next Story :
-
Canada Temple Attack: Pawan Kalyan Calls For Action
![Canada Temple Attack: Pawan Kalyan Calls For Action]()
Amaravathi/Hyderabad, Nov 5 (Maxim News): Describing the attack on a Hindu temple in Canada as “more than an isolated incident.” Andhra Pradesh Deputy Chief Minister Pawan Kalyan has said the incident pained him reply and expressed hope that the Canadian government would take necessary steps to ensure the safety of the Hindu community there.
-
Woman Gang-Raped In Hyderabad
![Woman Gang-Raped In Hyderabad]()
Hyderabad, Nov 5 (Maxim News): A woman was gang-raped by thugs in Maduranagar area of the city. The victim complained to the police that three youths raped her. In the complaint, it is said that she was taken away after telling lies while coming from work.
-
Schedule For Telangana Inter Exam Fee Dates Released
![Schedule For Telangana Inter Exam Fee Dates Released]()
Hyderabad, Nov 5 (Maxim News): The Telangana State Board of Intermediate Education (TSBIE) has released the schedule for the payment of the intermediate Examination fee from November 6 to 26th of this month without a late fee.
-
Salman Khan Gets One More Death Threat
![Salman Khan Gets One More Death Threat]()
Mumbai/Hyderabad, Nov 5 (Maxim News): Bollywood actor Salman Khan has received another threat, a police official said on Tuesday, adding the person who threatened the actor has demanded Rs. 5 crore from him.
-
Uttam Urges Public Representatives To Ensure Successful Paddy Procurement
![Uttam Urges Public Representatives To Ensure Successful Paddy Procurement]()
· Minister Uttam conducts video conference on paddy procurement with Ministers, MPs, MLAs, MLCs · Deputy CM Bhatti, cabinet ministers join discussions Hyderabad, November 5: Irrigation Minister Uttam Kumar Reddy has called on public representatives and officials to play a proactive role in the success of Telangana’s largest-ever paddy procurement initiative. This historic exercise marks a significant…
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
