The latest revision in Goods and Services Tax (GST) rates that were announced on October 6 may have come a tad late, with the Surat textile market sitting on a huge inventory, say traders.

While the market may have gone on vacation, the peak Diwali season dispatch was only 15-20 per cent of normal. As against a typical Rs 10,000-12,000 crore worth of business during Diwali through dispatch of 1,500 trucks daily for a fortnight, the same has been down to mere 15-20 per cent, say traders who will take a call on a strike on October 25 once they resume work after the ...