Related Keywords: Kerala textile dealer, turnover tax
Textile and garment dealers in Kerala show disappointment over the proposal levying a turnover tax of two percent on textile dealers with turnover above Rs.10 million announced in the state budget for 2014-15.
The proposal is expected to raise additional revenue of Rs.1,000 million of the state. But allowing for the levy across wholesalers, dealers, distributors and retailers, this would lead to a 10 per cent rise in textiles for consumers.
The State will also be put to disadvantage as visitors to the South compare prices in individual States to strike the best bargain.
