From the Editors Desk  
Editorial.....
India’s GDP is declining. Not only GDP, but garment export is also declining from last 3-4 months.  This downfall could be attributed to the Government policies. Demonetisation and GST are basically responsible for this downfall. Appreciation of rupees has made the situation graver. The textile industry is comprised of small, medium and large scale enterprise, and the major segment is small scale industries.   Small scale falls under the unorganised sector and deals primarily in cash. Due to the cash crunch, industry peoples faced difficulties to run factories smoothly during the demonetisation period. Now they are facing new issue GST. The Government has announced that GST would make the taxation simple but the actual situation is just opposite. There is no clarity on any rules, variable rates, difficulty in filing return etc. could add to their woe. Rates are revised in every GST meeting. Such revisions make the situation more complex. Further, returns are to be filed online only. Internet connectivity and accessibility of computers to each and every corner of the country are in question. All we could say that GST has been brought without making available proper infrastructure for its implementation. It is the same as the Government brought demonetisation without any preparation. In every GST review meeting, GST council is reviewing the rates. Such revision is creating more confusion in the market. Another big worry is that traders are unable to file the GST return due to slow response from the GST website. The Government has accepted GST website can afford 80,000 hits at a time knowing the fact the GST is to be compliance by each and every trader, which are crores in numbers.  The Government has extended the time for filing the return. This clearly shows that how ill prepared the Government is on GST front. The situation is so bad that I am expecting further decrement in GDP in coming days and this would increase the woe of the industry. I hope Government will take necessary steps to improve the situation.   

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