Textiles industry urges govt to continue rebate on state levies post GST

Industry fears scheme will be withdrawn prematurely, with GST subsuming all other taxes and benefits

The textile industry has urged the government to continue with the Rebate of State Levies (ROSL) scheme under the Goods and Services Tax (GST) for the benefit of made-up exports.

The ROSL scheme was introduced in March 2017 initially for three years. But, the industry fears that the scheme will be withdrawn prematurely, with GST subsuming all other taxes and benefits. Under ROSL, exporters of made ups get incentives of 3.9 per cent of the value of exported goods.

The ROSL benefit not only ensured Indian made ups were competitive in the world markets but also encouraged Indian players to expand capacity