Earlier this year in the State Budget, the Government of Gujarat imposed 5% VAT on narrow fabrics – manufactured mainly in two big centres – Surat man-made fabric (MMF) hub and Ahmedabad. Following the recent representation made by the industry association, the Gujarat Government shall eliminate the 5 per cent value-added tax on narrow fabrics manufactured in Gujarat. The decision was conveyed to the industry association led by South Gujarat Textile Processors Association (SGTPA) President Jitu Vakharia during a meeting with Minister of State for Finance, Saurabh Patel at Gandhinagar.
