Chandigarh traders hail Centre's decision to defer rate hike
Chandigarh, December 31
The Chandigarh Beopar Mandal (CHB) has expressed gratitude to the Union Finance Minister for deferring increase in GST rates on fabric from 5 per cent to 12 per cent, which was supposed to be implemented January 1, 2022.
Charanjiv Singh, president, CBM, said thousands of cloth merchants would heave a sigh of relief.
Ram Karan Gupta, chairman of the GST sub-committee, CBM, said they demanded reduction in VAT rates on footwear and readymade garments as well.
Kamaljit Singh Panchi, president, Chandigarh Traders Association, Sector 17, said it was a relief for traders of the country.— TNS
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