TN seeks tax exemption to handloom/powerloom sectors

Press Trust of India  |  Chennai 

today sought exemption for powerloom and handloom sector products from the Goods and Services (GST), saying they employed several lakhs of people and their interest need to be protected.

State Fisheries Minister D Jayakumar took up the demand at the 21st Council meeting held at


An official release said he highlighted that the state was providing free electricity supply to the handloom and powerloom sectors to protect their interests.

"Keeping their interest in mind, the Minister today requested the Council to exempt the sectors from GST", it said.

The Minister also sought the Council to modify rates for more than 60 products after some anomalies were pointed out in the fixation of which came into effect from July 1.

Jayakumar also insisted on fully exempting fried peanuts and idli-dosa batter from the

The Fitment Committee (of Council) recommended reducing the rates for fried peanuts from existing 12 per cent to 5 per cent and for idli-dosa batter from 18 per cent to 12 per cent, the release said.

The state also sought reduction of rate from 18 per cent to 5 per cent on spare parts used in the textile machinery.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 09 2017. 20:13 IST