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Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs

Almost exactly two years ago, Tamil Nadu was perhaps the only state stoically opposed to the Goods and Services Tax.

The Textiles Ministry has expressed concern over the continuous fall in exports of readymade garments over the past few months and has sought more benefits from the Commerce Ministry to help units that find it difficult to cope with the GST regime.

MUMBAI: The indirect tax department has issued notices to companies that added cash balance lying in their personal ledger account (PLA) to the transitional credit when the tax system moved to Goods and Services Tax, triggering panic among such companies. 

On July 1, 2017, history was created when the country witnessed the biggest and most important economic reform since Independence—the goods and services tax (GST).

Chief Minister HD Kumaraswamy instructed a Garment and Textile Manufacturers' delegation who visited him today, to provide all facilities and safety measures to garment and textile workers in the state.

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