The Clothing Manufacturers Association of India – CMAI – whole heartedly welcomes the decision taken GST Council’s meeting to defer the proposed increase of GST Rate from 5 percent to 12 percent on all items of Textiles and Garments.
CMAI has been continuously raising its voice against the proposed increase especially on Garments, and especially at a time when the Industry is reeling under one of the most severe cost increases in recent years, and is just about struggling to emerge out of the effects of the Covid pandemic.
Rajesh Masand, President, said “During the last couple of months we have met and explained our viewpoints to almost all the Central and State Finance Ministers, and we are extremely grateful that they have accepted our concerns and decided to defer the proposed increase”.
“Our grateful thanks in particular to the Union Minister of Finance, Nirmala Sitharamanji, for her understanding of the disastrous impact on the Industry if this increase had come through, and supporting the decision to defer it in the Council Meeting recently” he added.
Rahul Mehta, Chief Mentor and Past President thanked the Hon. Minister of Textiles Piyush Goyal and the Minister of State for Textiles Darshanaben Jardosh, and the Textile Ministry, for their strong support to the cause of the Industry. “Without their support, this decision would not have been possible, and our sincere thanks to them”.
President Masand also thanked the Trade Associations across the country that got the voice of lakhs of Manufacturers and Retailers to be heard by the Government. However, CMAI has cautioned that the decision to increase the Rates has only been postponed to the next Council Meeting, and reiterated their resolve to continue partnering with the Government on all issues such that win-win solutions emerge on all issues faced by the Industry.