Powerloom Council appeals to Centre to suspend GST on fabrics for three months

With the spread of COVID-19 exports as well as domestic trade have taken a huge hit, the Council said

The Powerloom Development and Export Promotion Council (PDEXCIL) has appealed to the Union Government to suspend Goods and Services Tax (GST) on fabrics for three months, from May to July. The Council chairman M. A. Ramasamy said in a press release that the powerloom sector, which employs nearly 6.3 million workers, largely has MSME units. With the spread of COVID-19, several countries are facing a slump in trade, thus impacting Indian exports and imports too. With closure of retail outlets and shopping malls, domestic trade has also taken a hit.