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This is seen as helping MSMEs grow their business and carry out their activities efficiently.He also welcomed the decision of the GST Council for increasing turnover from Rs 50 lakh to Rs 75 lakh under the composition scheme for traders and manufacturers. Under such situation, the manufacturer who does not have integrated composite units to complete the process of embroidery, printing and finishing as per the market requirements would have been in a great loss, Thulasidharan added.Job work in the textile sector is taken as services and was subject to 18 per cent China Nylon Polyester stretch Manufacturers goods and services tax (GST), he said. The move "would now help SMEs of power loom, knitting and processing sectors not to face much financial burden", he said in a statement..However, the chairman suggested reduction in GST on speciality textile fabrics, man-made fibres and yarns.A job work involves a manufacturer sending goods out of the factory for specialised processing job without having to pay taxes