Is There No New GST on Carpets in UP?

Synopsis
Key Takeaways
- No new GST has been imposed on carpets in Uttar Pradesh.
- The 49th International Carpet Fair aims to showcase local craftsmanship.
- Recent trade agreements with the UAE and UK are opening new economic avenues.
- The government is committed to supporting traders and entrepreneurs.
- The textile industry plays a crucial role in job creation.
Lucknow, Oct 11 (NationPress) The Chief Minister of Uttar Pradesh, Yogi Adityanath, announced on Saturday that the government has not implemented any new Goods and Services Tax (GST) or tax on carpets.
“There is no new GST or tax levied on carpets,” stated the Chief Minister during the inauguration of the 49th International Carpet Fair, organized under the auspices of the Carpet Export Promotion Council (CEPC).
This fair aims to showcase the craftsmanship and artisans from the globally recognized carpet city of Bhadohi.
He further mentioned that the government has opened new avenues for citizens through the recent free trade agreements with the UAE and the UK, which are set to foster further development.
While speaking at a program focused on the advancement of artisans and crafts, the Chief Minister emphasized that India’s traditional artisans have played a crucial role in positioning India as a global economic player.
The Chief Minister also noted that financial assistance checks were distributed to beneficiaries of various schemes.
“I assure you that the government remains fully committed to supporting traders and entrepreneurs,” he affirmed.
Additionally, he pointed out that the state government has revitalized not only agriculture and farming but also the textile industry and the MSME sector.
“This sector is the largest job creator in the state,” the Chief Minister remarked.
Last month, the central government restructured the GST, lowering tax rates on a variety of everyday items for consumers.
The GST Council streamlined the indirect tax system into a two-tier structure of 5 percent and 18 percent, moving away from the previous four-tier system.
This substantial tax reform is anticipated to enhance the economy and benefit consumers, thus contributing to the overall socio-economic progress of the nation.