GST impact: Implementation blues take a toll on Tirupur businesses

Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs

Eighteen months ago, the narrow roads of Khaderpettai market at ‘Dollar Town’ Tirupur in Tamil Nadu was vibrant. This is a stark contrast to what it is today. Then, mini trucks and vehicles carrying garments shuttled between export units and shops here.

Customers, mainly road side-vendors and small retailers, used to sit inside these shops negotiating with the owners for bulk orders. Now, the roads are empty and the shops deserted. A few of the shop owners have decided to close shop or foray into other businesses. The story is similar on the other side of the town …

source:https://www.business-standard.com/article/economy-policy/gst-impact-it-is-no-longer-raining-greenbacks-in-dollar-town-tirupur-118062501245_1.html