India: AP textile traders plan protest against levy of VAT

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The Andhra Pradesh Federation of Textile Associations (APFTA) has announced that wholesale, semi-retail and retail traders in the state would go on an indefinite strike from April 30, 2012 to protest against the imposition of the value-added tax on textiles by the state government.

APFTA said traders would stop buying textile goods from other states beginning April 15, 2012.

Textile traders of the state allege that Andhra Pradesh is the only state to have imposed VAT on textiles.

They said imposition of VAT would wipe away their margins and urged the state government to rollback the tax on textiles.

Earlier in January, 2012 too, textile traders in the state had resorted to strike to protest the government’s decision to impose VAT.

Source: http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=109883

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