Yesterday, the traders in Surat called off their two- week-long strike against five per cent GST following the Centres assurance to look into their demand of rollback..”The Central Board of Excise and Customs (CBEC) has received representations from textile traders and is looking into their demands, Sarna said.. Over Easy-clean washing Polyester Company 1,200 goods and 500 services have been fit into these tax slabs.”July one doesnt close everything and the kind of fitment of commodities that has taken place is kind of doing five budgets in one,” she said.New Delhi: GST rates will not be revised unless there is an anomaly or the rates are unjustified, CBEC Chairperson Vanaja Sarna said today.She further said: “Unless there is something not fully justified.But, it would not be possible to meet the demand for GST rate reduction unless there is an anomaly, or there is a need for correction, or something has been left out.
The issue is that textile sector is taxed for the first time. She said industry will have issues relating to GST rates, laws and rules and there is still time for industry to present its wish list as July one was not the end date.unless there is an anomaly, I dont think there is a reason to look at any rates at the moment. Her comments came in the wake of textile traders demand of lowering five per cent GST on textiles…GST was rolled out on July one and has four tier tax slab of 5, 12, 18 and 28 per cent. So anybody who comes into the net would feel the pinch,” Sarna said at a CII event here.”It is an issue that has snowballed but it is not something which cannot be settled.
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