
Traders in Erode want GST hike on textiles deferred
The Hindu
They fear that it would adversely impact their business
With Goods and Services Tax (GST) on textile products to be increased from 5% to 12% from January 1, 2022, traders at the textile markets in Erode city fear that it would adversely impact their business.
There are over 3,000 textile shops at Ashokapuram, near Central Theatre, E.K.M. Abdul Gani Textile Market and at Panneerselvam Park in the city. These shops deal with both wholesale and retail sales. They receive orders from Maharashtra, West Bengal, Madhya Pradesh and other States and dispatch the goods in lorries. Traders from other districts arrive every Tuesday to the weekly market and purchase in bulk quantities. Retail sales take place usually before Pongal, Deepavali, Christmas and New Year.













