Textile traders strike ahead of GST

Hyderabad, June 26: As we knew that, GST is starting from July 1 from this perspective Textile traders across the State comprising an estimated 40,000 micro, small and medium establishments are expected to go on a 72-hour strike beginning the morning of Tuesday in response to an all-India call urging the Centre to exempt the trade from the Goods and Services Tax.

Telangana State Federation of Textile Associations president Ammanabolu Prakash and vice-president Santosh Chokani among others said the move initiated by the Centre on June 3, bringing the textile sector under the purview of GST was unfair and that they would consider June 3 as a 'Black Day'.

Mr. Prakash sais that, "From 1947, the sector has been exempted. Now with this, the textile sector will become the only one where tax will become four-layered. Manufacturer to all-India wholesaler, all-India wholesaler to State wholesaler, State wholesaler to retailer and finally the retailer to the consumer"

He said at each of the three stages, the manufacturer, all-India wholesaler and retailer will have to make a provision for the GST and also keep their share of profits.