GST hike on textile fabrics: An upset Surat industry mulls widespread protests

The textile traders of Surat are up in arms against the Central government following the decision to hike the Goods and Services Tax (GST) on textile fabrics from 5 percent to 12 percent. Various trade associations are planning widespread protests saying the move will adversely impact an industry that is already facing stiff competition from the imports of Vietnam, Sri Lanka and Bangladesh. The in…