Representatives of Erode Handloom Cloth Merchants Association are likely to
meet finance minister Arun Jaitley soon to reiterate their demand to withdraw 5
per cent GST on textile goods. "If it doesn't bring about a positive
outcome, we will go on an indefinite stir," they said.
Speaking to reporters after the association's general council meeting here
on July 2, its president R Ravichandran said the finance ministry's decision to
levy 5 per cent GST for textile goods would affect the trade and consumers
would also be hit.
The association had already sent an elaborate representation to the finance
ministry seeking exemption from GST, but the finance ministry declined to act
on it he said. Ravichandran said Jaitley has promised to meet them either on
Monday or Tuesday.
"If the finance minister exempts us from GST, we will continue our
trade, failing which we will go on an indefinite strike from July 5 in Erode
district," he said.
The prospect of amicable settlement appears bleak in the light of finance
minister Jaitley's assertion no trade can browbeat the government demanding
concessions on GST.