with less than 24 hours to go for the union budget industry leaders are waiting and hopeful for policies that will positively impact their sectors startup retail bosses are batting for gst changes that will benefit not just the industry players but also consumers richa kalra who founded premium lingerie brand candyskin feels that the retail industry despite contributing almost 10 per cent to indias gdp continues to face several challenges that include infrastructure shortage of skilled manpower and high rentals she also feels that the government must review the way gst has been implemented advt to aid the sector she says the government should consider revising the percentage of gst on apparel the 5 per cent slab of gst on apparel should be increased from rs 1000 to rs 2000 per piece all clothing of salevalue exceeding rs 1000 per piece is subject to 12 per cent gst kalra also feels that consumption needs to be boosted by putting more money in the hands of consumers one of the many ways to do this is by introducing a taxfree phenomenon refund of gst on shopping for foreigners this will not only boost tourism but also consumption meanwhile neha kant cofounder and director of online lingerie brand clovia says expectations are high from finance minister nirmala sitharaman in terms of simplifying and liberalising labour laws the government should initiate refund of gst accumulation due to services in sectors with inverted duty structure india has become one of the fastestprogressing countries promoting business ventures hence it is essential that the laws leading to ease of doing business in states other than delhi viz haryana up punjab should be simplified according to kant et online published on jul 5 2019 at 0800 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app budget2019 gst startups retail budget homenewsindustrywhat retail startup bosses want this budget revised gst on apparel shopping refund to foreigners