Headhonchos
Top Executives
Indian textile value chain
How do you think the GST will impact?
The textiles industry has been enjoying various tax exemptions, benefits and concessions under indirect taxes. There may be a few drawbacks for the industry due to the higher tax rate and removal of benefits under the cotton value chain, but it is safe to say that GST will help this industry in the long run by getting more registered taxpayers under a well-regulated system. It can also be hoped that GST will help the industry to become more competitive in both the global and domestic markets and create opportunities for a sustainable.
Published on: 30/06/2017
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.
