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Textile traders observe bandh
As part of the nationwide protest against the Goods and Services Tax (GST) levied by the Central government on textile business, the wholesale and retail traders in the city downed their shutters on Thursday and observed total bandh.
Vijayawada: As part of the nationwide protest against the Goods and Services Tax (GST) levied by the Central government on textile business, the wholesale and retail traders in the city downed their shutters on Thursday and observed total bandh.
Highlights:
- Vastralatha, Krishnaveni Complex and other showrooms closed
- Traders take out a rally as part of protest against the GST
- More than 700 shops closed in the city
Vastralatha Textile Market, one of the biggest in coastal Andhra, Krishnaveni Cloth Market near Panja Centre and other textile showrooms on Beasant Road, MG Road, Elur Road and other parts of the city remained closed as part of the protest and bandh.
Andhra Pradesh Textile Federation (APTF) has given a call for the bandh on June 15 in the state demanding that the Central government immediately withdraw GST on textile sales. The textile traders are suggesting that the taxes can be collected at the manufacturing level and it should not reach the last stage of retail business.
Speaking on the occasion, APTF leader Velampalli Ramchandra Rao said the taxes to be levied at various levels on the clothes and garments may reach up to 40 per cent of the cost of production. He said the common people could not buy clothes if the hefty GST is collected by the government.
He said the previous governments have not levied hefty taxes on the textiles since independence. He expressed concern that textile and clothes trade would be severely affected due to GST, which may collected from July 1, 2017.He said the textile traders are eagerly waiting for the last meeting on the GST to be convened by Union Finance Minister Arun Jaitley on June 18 to discuss the GST percentage on the textiles.
More than 700 wholesale and retail showrooms in the city were closed as part of the bandh call given by the APTF. Earlier, textile traders from all the districts of the state attended the general body meeting recently in the city and announced to continue struggle till the Central government withdraws GST on textiles.
The textile traders are lobbying through the Telugu Desam government and exerting pressure on the Central government to withdraw decision to withdraw decision on GST. The traders holding banners and flexies took out a rally from Panja Centre to K Market as part of the protest against the Central government.
