The delegation of Federation of Textile and Garment Association (FOTAGA) under the leadership of Karnataka Hosiery and Garment Association (KHAGA) met Chief Minister Basavaraj Bommai at his office at Vidhan Soudha recently, and handed over the copy of the memorandum on change of tax slabs from 5 percent to 12 percent for the textile and garment industry.
In the memorandum, KHAGA said, “The Karnataka Hosiery and Garment Association express its disappointment at the recent notification amending the GST rates on apparel. KHAGA has been earnestly representing to the government and GST Council not to implement this change. The changes effected will increase the prices of all fabrics and garments priced below Rs 1,000 from 5 percent to 12 percent. In fact, with the proposed merger of the 12 percent and 18 percent slabs to a single 15 percent or 16 percent rate, it will result in a whopping increase of 300 percent in the GST rate for garments which are used by the weaker sections of society.
The delegation of Federation of Textile and Garment Association (FOTAGA) under the leadership of Karnataka Hosiery and Garment Association (KHAGA) met Chief Minister Basavaraj Bommai at his office at Vidhan Soudha recently, and handed over the copy of the memorandum on change of tax slabs from 5 percent to 12 percent for the textile and garment industry.
