Published on 12/07/2019 11:14:32 AM | Source: Dion Global Solutions Ltd

GST exemption for Handloom Sector

Posted in Economy News| #Economy #GST

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Most of the weavers do not require registration under GST, as their turnover does not exceed Rs 20 Lakh. Moreover, GST is implemented through an Act of Parliament with States as equal partners in GST Council with Government of India. Government of India introduced GST 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.