Tag: Sarees
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Impact of GST on Handloom Industry: 18% Tax on Sarees
The Introduction of GST and Its Effects on Handloom The Goods and Services Tax (GST) has been a topic of intense debate in India since its implementation. The recent decision to impose an 18% GST on handwoven sarees has sparked widespread protests among weavers and artisans. This article delves into the implications of this tax…
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Understanding GST Impacts on Handloom Industry
The Introduction of GST on Handloom Sarees The introduction of an 18% Goods and Services Tax (GST) on handloom sarees has sent ripples through the textile industry in India. This significant tax hike, applicable to sarees priced above ₹2,500, is raising concerns among weavers and textile manufacturers alike. While the government claims these tax reforms…