印度棉纺行业商品和服务税税率调整为5%

Textile bodies hail 5% GST rates for cotton industry

Prominent textile and apparel industry bodies, including The Cotton Textiles Export Promotion Council (Texprocil), The Southern India Mills’ Association (SIMA) and the Tiruppur Exporters’ Association (TEA) have welcomed the rates announced for the industry by the Goods and Services Tax (GST) Council. The single tax is to be rolled out pan India from July 1.

At its 15th meeting, the GST Council classified all natural fibres including cotton, cotton yarn, fabrics and readymade garments valued below Rs 1000 under 5 per cent GST rate. Garments valued above Rs 1000 have been classified under 12 per cent GST rate, while the synthetic or man-made fibres and synthetic yarn have been classified under 18 per cent GST rate. Fabric, irrespective of fibre, has been classified under 5 per cent GST rate.

Welcoming 5 per cent GST on cotton yarn and fabrics, Texprocil chairman Ujwal Lahoti said, “The rate of 5 per cent for cotton textiles is very progressive and will lead to the growth and development of the entire value chain.”

“We are happy that finance minister has accepted the Council’s suggestion for keeping the rates low in order to ensure compliance and encourage the farmers to grow more cotton,” Lahoti said. The low rates will not cast any additional burden on the sector and will ensure that India regains its competitiveness in the textiles sector in world markets, he added.

Expressing similar views, SIMA chairman M Senthilkumar stated that 5 per cent GST rate on cotton fibre would sustain the competitiveness of over 20 million cotton farmers as this rate across the value chain would enable the cotton textile industry to remain globally competitive, achieve substantial growth rate and increase cotton fibre consumption and thereby increase the earnings of the farmers.

译文如下：

印度棉纺行业商品和服务税税率调整为5%

自今年7月1日起，印度对棉纺相关行业征收单一税，印度包括棉纺织品出口促进委员会、南印度纺织厂协会和蒂鲁布出口商协会在内的知名纺织和服装行业组织，对此表示欢迎。

据印度GST委员会宣布，自今年7月1日起，印度棉纺行业相关GST税率调整为：棉花和棉纱5%，纺织品5%，成衣12%。

印度棉纺织品出口促进委员会主席Ujwal Lahoti表示，很高兴印度财政部最终接受了GST委员会的提议，5%的商品和服务税将为企业降低成本，鼓励棉农种植更多的棉花，使印度纺织业在国际市场上重新获得竞争力，促进整个产业链的发展，对印度棉纺织业的长期发展具有积极的作用。

Lahoti说:“我们很高兴财政部长接受了理事会的建议，即保持低利率，以确保遵守承诺，并鼓励农民种植更多的棉花。”他补充称，低利率不会给该行业带来任何额外负担，并将确保印度在全球市场上重新获得其在纺织领域的竞争力。

南印度纺织厂协会主席M Senthilkumar表示，5%的税率将给纺织业带来可观的收益，并有效避免逃税。棉花的5%税率将使2000万棉农受益。通过促进高附加值产品出口，印度纺织品出口将再上一个新台阶。同时，它还将使棉纺织业保持全球竞争力,实现可观的增长率和增加棉花纤维消费,从而增加农民的收入。

(编译：杨朝霞)