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Hosiery and garment assn urges FM to retain current GST rates for sector
The New Indian Express Kalaburagi
|January 21, 2025
FOLLOWING reports suggesting a possible revision of Goods and Services Tax (GST) rates for the garment and textile sector, the Karnataka Hosiery and Garment Association (KHAGA) has written to Union Finance Minister Nirmala Sitharaman, urging her to drop the proposal.
KHAGA, which represents the domestic garment and textile industry, highlighted what it called the economic and social impact the revision could have on manufacturing, pricing, and consumer demand. The association raised concerns over the potential job losses the sector could face if GST rates are increased.
This story is from the January 21, 2025 edition of The New Indian Express Kalaburagi.
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