FM Arun Jaitley rules out lowering GST rate for textiles sector

The government has ruled out relief to the textile industry, which has sought abolition of the 5% goods and services tax ( GST ) imposed on fabrics . “The main demand of the textile traders is not to put any tax on fabrics. However, the same cannot be accepted,” finance minister Arun Jaitley said in a written reply to a question in the Rajya Sabha. Textile industry in Surat has been on strike, opp…