A STUDY OF THE SCOPE OF TEXTILES INDUSTRY IN UTTAR PRADESH AFTER GST

The GST is regarded as a destination-based tax applied on the consumption of a variety of products and services, Setoff is permitted in the form of input tax credits to business parties involved in those processes. The GST is levied at every stage of production up until the final consumption is made. Almost two thirds of the raw materials and related textile goods that Uttar Pradesh purchased came from other states. As a result, it is particularly significant to Uttar Pradesh's economy. The textile industry and its supporting manufacturing businesses offer the second-highest number of job opportunities after agriculture. Employment sector with enormous potential for state development in the textile industry. The State has a high demand for employment creation. Uttar Pradesh being the most populated state in India, has a sizable market for textile goods. There are numerous prospects to establish a cotton industry in the State in order to address this need. The goal of this policy is to increase employment prospects in this industry while also enhancing the nation's manufacturing base. We will talk about the current, difficulties, and enormous opportunities in the textile sector for both production and consumption in this essay.