25.5 C
Imphal
Tuesday, May 17, 2022
No menu items!

GST hike on textiles to lead loss of 15 million jobs: Amit

Mitra, now Principal Chief Advisor to West Bengal Chief Minister Mamata Banerjee, urged Prime Minister Narendra Modi to call a GST Council meeting now and reverse the decision.

Must Read

Kolkata: Former West Bengal finance minister Amit Mitra on Sunday said the proposed hike of Goods and Service Tax (GST) on textile products from five to 12 per cent would lead to loss of 15 million jobs and closure of one lakh units.

Mitra, now Principal Chief Advisor to West Bengal Chief Minister Mamata Banerjee, urged Prime Minister Narendra Modi to call a GST Council meeting now and reverse the decision.

- Advertisement -

Taking to Twitter, Mitra said, ” Modi government will commit another BLUNDER on January 1. By raising GST on Textiles, 5pc to 12pc, 15 Million jobs will be lost and 1 lakh units will Close. “

” Modi Ji, CALL a GST council meeting now and reverse the decision before the sword of Damocles falls on heads of millions of common people, ” Mitra added.

The new rate structure to be effective from January 1 would lead to the closure of around 1 lakh textile units and loss of 15 lakh jobs in the country, Mitra stated.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

PLA has done capability enhancements near LAC in large measures: Chief of Eastern Command

Guwahat: Indian Army on Monday said that the People's Liberation Army of China has done capability enhancements in large...
- Advertisement -

More Articles Like This

- Advertisement -