Tamil Nadu sought exemption for powerloom and handloom sectors

Vastavam web: Tamil Nadu today sought exemption for powerloom and handloom sector products from the Goods and Services Tax (GST), saying they employed several lakhs of people and their interest need to be protected.State Fisheries Minister D Jayakumar took up the demand at the 21st GST Council meeting held at Hyderabad.”Keeping their interest in mind, the Minister today requested the Council to exempt the sectors from GST”, it said.
The Minister also sought the Council to modify tax rates for more than 60 products after some anomalies were pointed out in the fixation of GST which came into effect from July 1.The Fitment Committee (of GST Council) recommended reducing the tax rates for fried peanuts from existing 12 per cent to 5 per cent and for idli-dosa batter from 18 per cent to 12 per cent, the release said.