GST on handicraft, handloom products slashed

KalingaTV News Network

GST on handicraft, handloom products slashed
Pic credit udayavani.com

Bhubaneswar: The Goods and Services Tax (GST) on handicraft and handloom products has been slashed by the GST Council to 12% from the existing 18%.

While making this announcement at a press meet, Odisha Finance Minister Sashi Bhusan Behera said the GST Council has also exempted the tax rate on clay idols which was 28 percent earlier.

The tax on Sabai Grass weaving ropes and Sal leaf plates, cups were slashed to 5% from 18% and tax on clay sculpture was fully exempted, added Behera.

The Minister also said that the tax on stone sculpture was slashed to 12% from 28% while 5% tax has been slashed on Khadi clothes and fabrics being sold by organisations certified by Khadi and Village Industries Commission (KVIC).

The state government had sought full tax exemption on handicraft and handloom products. Chief Minister Naveen Patnaik had also earlier on September 1 had written to Prime Minister Narendra Modi in this regard.

The CM in his letter had informed that over 3.5 lakh weavers and artisan families of the state face difficulties post implementation of GST.

Minister Sashi Bhushan Behera had also put forth the demand at the GST Council meet and before Union Finance Minister Arun Jaitley.

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