Khadi likely to get exemption from GST

| | New Delhi:
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Khadi likely to get exemption from GST

Saturday, 15 July 2017 | PNS | New Delhi:

Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra, on Friday, hoped to get Khadi products out of the newly-implemented Good and Service Taxes (GST) bracket in the coming days. As per the new GST norms, 5 to 12 percent GST had been imposed on different Khadi and Village Industries products.

While addressing the meeting of Khadi Institutions of the country here at India Habitat Centre on Friday, Mishra said that for the larger interest of weavers and spinners associated to Khadi industries, the GST panel had started analysing the pros and cons of GST exemption, to benefit the workers, weavers and spinners - associated with Khadi. "Even the Finance Minister had assured me to give a GST exemption for the financial development of otherwise economically backward lot of weavers and spinners," he said.

Mishra also laid stress upon organising exhibitions at all the Embassies and High Commission, to make Khadi a global brand. He also expressed concern over the idle properties including land and buildings at different places.Expressing concern over decreasing numbers of artisans in the Khadi sector, Minister of State for MSME Giriraj Singh said that all-round development of Khadi sector would remain a mirage, without providing a sustainable economic growth to the artisans.

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