Surat: While majority of textile markets within the nation's biggest man-made cloth (MMF) wholesale market have been gazing 'Black Diwali' through no longer illuminating their respective market constructions as mark of protest in opposition to the Goods and Service Tax (GST), the organized avid gamers have pop out and stated that Diwali gross sales had been good compared to earlier yr.
Nearly 20% of the traders feel that this was once the most colourful Diwali for them within the last five years. The explanation why being that the most important downside of returned goods was once over, fee issues had been solved and that the cases of defaults was once reduced after GST was once applied from July 1.
Owner of Manbhari Prints at Surat Textile Market (STM) Narendra Saboo told TOI, "The organized players like us feel that GST has proved beneficial for the textile trade. Those who were operating business applying wrong practices are facing problems. Around 70% of the traders in the markets are unhappy as they do not want to comply with the GST."
Saboo stated, "The biggest issue of defaults in the textile market will reduce to a great extent after Diwali. Now, the traders, weavers and textile processors will deal with those having the GST registration. The GST transactions will be recorded by the government and its agencies. However, there are less chance of fraud and cheating."
Managing director of Laxmipati Group Sanjay Saraogi mentioned, "This time Diwali sales is much better than the previous year. We have received huge orders from other states and even abroad. Now, we feel that it is a win-win situation for the traders as entire trade has come under the tax net."
On the other hand, a large segment of traders' group is criticizing the central executive for its false guarantees on resolving the GST issues.
The textile traders wondered BJP MLA from Majura constituency Harsh Sanghavi after he posted an image of some of the textile markets illuminated with colourful lightings.
"The BJP MLA is trying to portray that all is well in the textile industry, but he is wrong. He doesn't know the ground reality. The entire traders' community, barring the organized players, is worried over the GST compliance," a textile dealer mentioned.
Nearly 20% of the traders feel that this was once the most colourful Diwali for them within the last five years. The explanation why being that the most important downside of returned goods was once over, fee issues had been solved and that the cases of defaults was once reduced after GST was once applied from July 1.
Owner of Manbhari Prints at Surat Textile Market (STM) Narendra Saboo told TOI, "The organized players like us feel that GST has proved beneficial for the textile trade. Those who were operating business applying wrong practices are facing problems. Around 70% of the traders in the markets are unhappy as they do not want to comply with the GST."
Saboo stated, "The biggest issue of defaults in the textile market will reduce to a great extent after Diwali. Now, the traders, weavers and textile processors will deal with those having the GST registration. The GST transactions will be recorded by the government and its agencies. However, there are less chance of fraud and cheating."
Managing director of Laxmipati Group Sanjay Saraogi mentioned, "This time Diwali sales is much better than the previous year. We have received huge orders from other states and even abroad. Now, we feel that it is a win-win situation for the traders as entire trade has come under the tax net."
On the other hand, a large segment of traders' group is criticizing the central executive for its false guarantees on resolving the GST issues.
The textile traders wondered BJP MLA from Majura constituency Harsh Sanghavi after he posted an image of some of the textile markets illuminated with colourful lightings.
"The BJP MLA is trying to portray that all is well in the textile industry, but he is wrong. He doesn't know the ground reality. The entire traders' community, barring the organized players, is worried over the GST compliance," a textile dealer mentioned.
Organized players in textile markets happy with GST
![Organized players in textile markets happy with GST]()
Reviewed by Kailash
on
October 23, 2017
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