Exemption to Handloom Sector From GST in India

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Exemption to Handloom Sector From GST 

11 JUL 2019 By PIB Delhi

Turnover of most of the weavers does not exceed Rs 20 Lakh and therefore they do not require registration under GST. Moreover, GST is implemented through an Act of Parliament with States as equal partners in GST Council with Government of India.

GST has been introduced by the Government of India to rationalize multiple taxes on goods & services and to bring transparency in the taxation system. It is applicable to the Textile sectors also, including handlooms.

This information was given by the Union Minister of Textiles, Smriti Zubin Irani, in a written reply in the Rajya Sabha today.

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Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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