Date: Thursday, 02-November-2017, 10:21 AM | Message # 1
For what was once a bustling trade centre and one of India's biggest textile hubs, it's hard to believe Surat's textile markets now bear a deserted look. Traders say it is because of the devastating effect of the Goods and Services Tax or GST coupled with a low business Diwali which resulted in an extended break. Sanjay Jagnani, who heads a traders' body, says from business worth around Rs. 400 crore daily it's down to 150-200 crores a day. "We are willing to pay 100% tax, double tax, but we appeal to the government to free us from this web of filing returns every two days," Mr Jagnani, the President of the Vyapar Pragati Sangh told NDTV.