Q. Consider the following statements:
1.Khadi represents both India’s rich history and its progress in modern times.
2.In handlooms, the Goods and Services Tax (GST) only applies to the finished products.
Which of the statement(s) given above is/are correct?
Answer: A
Notes:
Explanation –
Statement 1 is correct. Khadi is deeply rooted in India’s history, particularly as a symbol of the freedom struggle led by Mahatma Gandhi. It represents self-reliance and unity among Indians. In modern times, khadi has seen a resurgence in popularity, embraced by fashion designers and promoted as an eco-friendly and sustainable textile, reflecting both tradition and contemporary relevance.
Statement 2 is incorrect. GST applies to both finished handloom products and raw materials. There have been calls to roll back the 5% GST on handloom clothes and raw materials due to the financial distress it causes to weavers.
Source: The Hindu