Nil GST on fabrics not feasible

Organised traders and unorganised sellers in the textiles sector have not been affected by the Goods and Services Tax, according to Minister for Finance, Defence and Corporate Affairs Arun Jaitley, who ruled out a decrease in the tax rate on the sector under GST. Mr. Jaitley added that the textile manufacturers’ and traders’ main demand was for a nil tax rate on fabrics, but that this would not be…