Centre to take measures to resolve GST issue for MMF sector Industry leaders

  • | Friday | 20th July, 2018

This time the government is very proactive towards our demands related to GST, especially ITC refund.” The ITC refund will give a new lease of life to the dying powerloom sector.”SGCCI president, Hetal Mehta said, “There is some good news waiting for city’s textile sector. Surat: The central government on Thursday hinted at taking proactive decisions in favour of the man-made fabric (MMF) sector in order to resolve the issues and problems under the goods and service tax (GST) latest by July 21.A delegation from the city’s textile sector led by Navsari MP CR Paatil was summoned by Union Textile minister, Smriti Irani to New Delhi on Thursday morning to discuss the issues related to GST faced by the sector.The textile industry leaders along with Southern Gujarat Chamber of Commerce and Industry (SGCCI) made representations to Irani and met union finance secretary, Hasmukh Adhia in the afternoon, where it was decided that the government will take proactive measures at the upcoming GST Council meeting to solve the issues of MMF textile sector.The powerloom weaving sector has been demanding refund of accumulated input tax credit (ITC) from a very long time, while the textile traders are demanding simplification of GST law, relief under e-way bill and the problems faced by the trade in filing the ITC-04 form.It must be noted that the Central Board of Indirect Taxes and Customs (CBIC) had organised GST open house at city’s Surat International Exhibition and Convention Centre (SIECC), where they had to face the ire of the people from the textile sector, over the pending issues under GST.Leader of powerloom weaving industry, Ashish Gujarati, who was present in the meeting at New Delhi said, “The meeting was held in positive atmosphere and we are hopeful that the central government will take measures to resolve our ITC refund issue on July 21.

Surat: The central government on Thursday hinted at taking proactive decisions in favour of the man-made fabric (MMF) sector in order to resolve the issues and problems under the goods and service tax (GST) latest by July 21.A delegation from the city’s textile sector led by Navsari MP CR Paatil was summoned by Union Textile minister, Smriti Irani to New Delhi on Thursday morning to discuss the issues related to GST faced by the sector.The textile industry leaders along with Southern Gujarat Chamber of Commerce and Industry (SGCCI) made representations to Irani and met union finance secretary, Hasmukh Adhia in the afternoon, where it was decided that the government will take proactive measures at the upcoming GST Council meeting to solve the issues of MMF textile sector.The powerloom weaving sector has been demanding refund of accumulated input tax credit (ITC) from a very long time, while the textile traders are demanding simplification of GST law, relief under e-way bill and the problems faced by the trade in filing the ITC-04 form.It must be noted that the Central Board of Indirect Taxes and Customs (CBIC) had organised GST open house at city’s Surat International Exhibition and Convention Centre (SIECC), where they had to face the ire of the people from the textile sector, over the pending issues under GST.Leader of powerloom weaving industry, Ashish Gujarati, who was present in the meeting at New Delhi said, “The meeting was held in positive atmosphere and we are hopeful that the central government will take measures to resolve our ITC refund issue on July 21. The ITC refund will give a new lease of life to the dying powerloom sector.”SGCCI president, Hetal Mehta said, “There is some good news waiting for city’s textile sector. This time the government is very proactive towards our demands related to GST, especially ITC refund.”

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