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5% VAT on Textiles and Textile product by Tamilnadu Government

Written By Views maker on July 12, 2011 | 7/12/2011

The Tamilnadu government following the footstep of Andhra Pradesh government has brought the textile and textile products under VAT tax net.  The state government has now imposed five per cent tax on textiles and textile products which were earlier exempted from sales tax (but hank yarn and handloom fabrics continue to enjoy exemption) while the central government was collecting additional excise duty (AED). The Centre has already abolished AED and permitted the state to levy sales tax. This move is done to increase the tax revenue of the state as the state is under huge debt of 1 lakh crore rupees.

3 comments:

Purshottamdass Chhajer said...

THIS ACTION VERY VER BAD. TEXTILES INDUSTRIES GONE OTHER STATE.
PLEASE PLEASE REMOVE VAT ON TEXTILE INDUSTRIES.
OTHERWISE BIG PROBLEM CREATE FOR TAMILNADU TEXTILE INDUSTRIES

ramesh said...

This is not good for textile manufacturers,we are already facing big trouble by massive fluctuation in yarn price and the pollution problems. Also we have practical difficulty in manufacturing, there are lots of stages from kora yarn to the final fabric so please reverse the sales VAT.

Chetan 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.