Related Keywords: definitely impact Indian textile industry, different segments of textile industry, five percent under GST, focus on GST, Government already announced special packages, looking for a uniform duty, Made ups, new tax regime, rolled out from July this year, without exemptions for any segment of the value chain
The government has already announced special packages for different segments of the textile industry in June last year and for made ups (an article manufactured and/or stitched from any type of cloth, other than a garment) in December. But now the focus is on GST which is a new tax regime and it will definitely impact the Indian textile industry.
The industry was expecting a special package for powerloom sector to be announced shortly but they do not expect any major announcement in the budget, a spokesperson for the industry said.
