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Jammu and Kashmir has become the last state of the country to join the Goods and Services Tax (GST) rolled out from the 1st of this month. The state Legislative Assembly adopted the state GST Bill 2017 by a voice vote after opposition members boycotted the proceedings. The GST will come into effect in the state from midnight of July 7-July 8.

Birla Cellulose of the Aditya Birla Group showcased numerous home textiles products at HGH India 2017 including bed sheets, quilts, towels, rugs and bath mats in vibrant designs and colours. The company makes nature based cellulosic fibres and has been part of the supply chain for home textile brands in countries like Belgium, Turkey and the US.

Textile traders are on strike in several towns, particularly Surat, Amritsar, Jaipur, Karur and Erode, demanding roll back of Goods and Services Tax (GST) on their trade. The textile traders are contending that the tax should be levied on readymade garments and not on yarn and cloth. The GST Council has categorised textiles under 5 per cent slab.

The Erode Handloom Cloth Merchants Association has urged finance minister Arun Jaitley to withdraw 5 per cent Goods and Services Tax (GST) on textile goods. The association has said that the 5 per cent GST on textile goods would adversely affect the trade. Representatives of the association will meet Jaitley this week and reiterate their demand.

The Indian textiles industry is set to get a fillip with the Indian government pitching Textiles India as the next big thing to generate employment, ramp up manufacturing and boost exports. The scale in terms of participation at the just-concluded Textiles India 2017 at Gandhinagar in Gujarat was matched by the presence of senior functionaries of the government, leading one to conclude that Indian textiles would be the government’s trump card for Make in India.

The Southern India Mills' Association (SIMA) has welcomed GST era for the textile industry and highly appreciated the government and Union textile minister Smriti Irani for bringing a seamless tax structure for the entire cotton textile value chain at the lowest slab rate of 5 per cent GST rate. The year 2017-18 will be beneficial for the cotton industry.