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4% VAT on Textiles and fabrics by Andhra Pradesh Government

Written By Views maker on July 09, 2011 | 7/09/2011

The Andhra Pradesh Government has brought textiles and fabrics under Schedule IV of the VAT (value added tax). They are going to be taxed at a rate of 4 per cent. In a GO (No. 932) issued on Friday evening. After the latest order, cotton fabrics, manamade fabrics, textile madeups, curtains, zari, embroidery articles, garments made of handloom and khadi would attract VAT at 4 per cent. The order would come into force with effect from July 11, 2011.

5 comments:

Chetan Dashrath said...

Roti Kapda Aur Makaan it looks Very Good only As title of the film.Our Politicians are not sincere enough to provide basic things to people easily by avoiding Taxes.They should learn from Gujarat CM Mr.Narendra Modi Inspite of Prohibition in Gujarat he dared to give exemption to Textile Industry whether it is Woven,NonWoven,Cotton,Manmade,PP,Polyester,woolen etc irrespective of its end use because textile is a necessity product. The time will come we have to live without Kapda like Aadimanav,without food like Animals(Animals eat whatever comes their way)without makaan like ancient days people used to live in caves and on trees.

against vat for textiles said...

its true chetan ji goverment reconsider the vat issue, alredy we buy cloths when discount sale is going on, now there is no way,becaz discount goods it self come to mrp, alredy there are too many small scale units are closed,when product cost is 100/- when its come to market the mrp will be 500/- ( tax+vat+cst+tds+tax+tax+tax ext....) politicians do some things sir.

Hiba Collections said...

Unlike other states there is no vat on textiles, But why the Andhra Pradesh government had imposed 5 percent VAT. It caused a burden on 200,000 family. This high percentage was forcing many to shut down their business,We warned that if this situation continued many would be rendered unemployed.

By imposing heavy taxes, The government wanted to fund welfare schemes launched for the benefit of the poor and the downtrodden. The congress leaders were ‘seeking the blessings’ of party president Sonia Gandhi with an eye on political posts. “They are not bothered about solving people’s problems”,.We should have to bring TDP next Governement for our state in past years TDP develop the state whenever congress came always business gone Down.I appreciate TDP for there services. And i agree with CHETAN Dashrath.

Chetan Dashrath said...

Chetan Dashrath said...
Order should be clear like Tamilnadu.....whereas relief given by AP Govt. is an Eye wash......

The government of Tamil Nadu has decided to rollback the 5 percent Value Added Tax (VAT) on fabrics. The July 12 order that imposed VAT was applicable to a range of fabrics and related products that fall under Schedule IV, section 3-10 of the VAT Act 2006.

The list of textile items that the State Cabinet has decided to exempt from VAT includes woven fabrics of silk, silk waste, cotton, artificial filament yarn, synthetic filament yarn, carded wool, staple fibre, synthetic staple fibre, cotton or man made fibres, woven pile fabrics and chenille fabrics of wool, terry towelling and related products.

A broad range of fabrics with industrial applications will also be exempted from VAT in the State.
The decision to exempt fabrics from VAT was taken after several representations were made by the textile sector seeking the same.

The textile industry in the State is going through a bearish period due to the sluggish demand in global markets. This has impacted exports and stocks are piling up. The levy of VAT decreased the textile sector’s ability to compete with the neighbouring States where VAT was not applicable.

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