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Khadi may get GST exemption, says minister

Posted On: July 24th, 2017 09:47 AM, IST By Super User
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NEW DELHI: Minister for micro, small and medium enterprises (MSME) Kalraj Mishra on Friday said that he was hoping that Khadi products would be exempted from Goods and Service Tax (GST) in the coming days. Currently, khadi products face a 5 per cent levy while the tax on goods produced by village industries is 12 per cent.

While addressing the meeting of Khadi Institutions of the country here at India Habitat Centre on Friday, Mishra said that for the larger interest of weavers and spinners associated to khadi industries, the GST panel had started analysing the pros and cons of GST exemption, to benefit the workers, weavers and spinners -associated with Khadi."Even the finance minister (Arun Jaitley) had assured me to give a GST exemption for the financial development of otherwise economically backward lot of weavers and spinners," he said.

Source: http://timesofindia.indiatimes.com/business/india-business/khadi-may-get-gst-exemption-says-minister/articleshow/59606228.cms

Last modified on: April 25th, 2024 02:39 PM, EST
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