International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 2, Issue 5 (2017)

GST – impact on textiles & apparels


Sathiyanarayanan, Dr. G Gabriel Prabhu

The Indian textile industry provides employment to a large number of skilled and unskilled workers in the country. It contributes about 10% of the total annual export, and this value is likely to increase under GST. GST would affect the cotton value chain of the textile industry including all garments for men and women like shirts, trousers, saree, apparels, shoes and any more clothing materials which is chosen by most small medium enterprises as it currently attracts zero central excise duty (under optional route) GST. It is expected that the tax rate under GST would be higher than the current tax rate for the textile industry. Natural fibers (cotton, wool) which are currently exempt from tax, would be taxed under GST. Despite this, the textile industry as a whole would benefit from the introduction of GST.
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How to cite this article:
Sathiyanarayanan, Dr. G Gabriel Prabhu. GST – impact on textiles & apparels. International Journal of Academic Research and Development, Volume 2, Issue 5, 2017, Pages 732-735
International Journal of Academic Research and Development International Journal of Academic Research and Development