The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has requested the Union ministery of commerce and industry to consider 6 per cent Rebate of State Levies (RoSL) rate yarns and fabrics exports. The council has also urged the ministry to include yarns and fabrics segment under RoSL scheme. The state taxes and duties are neither included in the ambit of GST nor rebated.
On priority basis, the government should consider various issues including refund of Input tax credit availed on input services, inclusion of MMF textile products falling under equal or lower rate of GST, refund of IGST on capital goods, removal of double taxation on ocean freight, immediate refund of accumulated Input Tax credit and inclusion of MMF textile products falling under equal or lower rate of GST. Also, exclude import of capital goods from GST as it is adversely affecting investment in the textile sector and defeating the purpose of the 'Make in India' initiative of the government.