Kolkata, (The States. news) Former West Bengal finance minister Amit Mitra on Sunday said the
proposed hike of Goods and Service Tax 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.
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 decision before
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.(uni)
GST hike on textiles lead to loss of 15 million jobs: Amit Mitra
