Union Minister assesses Textile Sector’s preparedness for GST

On Thursday, Union Minister, Smriti Irani chaired a workshop to assess the preparedness of the textiles sector PSUs, export promotion councils and other stakeholders on the Goods and Services Tax (GST) rollout, reported a national news agency.

During the meeting, Irani said, "Most PSUs have completed or are at different stages of registration, migration/transition of their software to a GST compatible software".

 According to official sources, the textiles minister also allayed the industry’s concerns on the impact of the GST in the meeting. On May 4, the textiles ministry had directed all its export promotion councils and public-sector undertakings to conduct awareness camps on basic features and procedures of the GST.