Summary:
The government announced it (the new tax rules) on June 3, and it will be imposed on July 1. Traders are also worried about how the textile industry — which runs on credit — will get accustomed to the new system. How will they cope with GST?” Arun Bhuwalka, president of Chamber of Textile Trade and Industry told The Indian Express. The protest is also against the “complex procedures” that traders have to pick up to comply with the new rules. Natural fibres such as cotton or cotton yarn will attract five per cent GST..