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GST RELIEF FOR TEXTILES
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- 'Invisible weapons attacking social harmony': Akhilesh Yadav targets BJP, demands audit of funds and assetsSamajwadi Party Chief Akhilesh Yadav has directly attacked the Bharatiya Janata Party. He alleges invisible weapons are being used to harm ...
- Exporters to get 90% upfront refund only after GST law changeTo operationalize the GST Council's decision for 90% upfront refunds to exporters, a legal amendment is needed. The current GST Act lacks p...
- GST 2.0: Reforms to propel MMF textile industry; sub-Rs 2,500 retail segment poised for growthThe reforms are expected to correct anomalies at the fibre stage, reduce costs at the yarn and fabric stages, improve garment affordability...
- GST 2.0 gets the green light: What gets cheaper and costlier from September 22?GST Meeting Cheaper, Costlier: The GST Council has approved changes to India's indirect tax structure. Many daily-use goods will become che...
- FM Sitharaman chairs textile industry representatives' meet on economic challengesFinance Minister Nirmala Sitharaman addressed textile industry concerns in Chennai amid economic challenges, including a 50% US tariff. Ind...
- Gujarat High Court Orders IGST Refund on Ocean Freight Within 6 WeeksMany importers had filed the refund claims after the Supreme Court order, but their claims are still stuck. "It is directed that if any IGS...
- GST Council defers rate hike on textiles. "Big relief" says industryAnimesh Saxena, President, Federation of Indian Micro & Small and Medium Enterprises (FISME), said the decision is a "big relief" to both M...
- Home textiles exporters stare at 300 bps fall in profitability: CrisilThis fiscal, the landscape is undergoing a sea change. Many brick & mortal retailers in the US have pruned inventories and downsized stores...
- Home textiles exporters stare at 300 bps fall in profitability: CrisilThis fiscal, the landscape is undergoing a sea change. Many brick & mortal retailers in the US have pruned inventories and downsized stores...
- Budget 2018: As imports flood the market, India's textile industry is getting hammeredRepresentatives of textile industry have come forward to register their "disappointment" with the government for ignoring the calls of an i...
- Govt doles out higher incentives for garments, made-up exportsUnder the scheme, exporters are given duty exemption scrips which are fixed at a certain percentage of the total value of their exports.
- GST: Exporters set to get tax refund reliefSeveral ministries such as textiles and commerce and industry have taken up the issue with finance ministry and a decision could be announc...
- Centre’s GST course-correction ducks real concerns, says CongressThe Congress said the Centre was not addressing key issues in agriculture, small and medium enterprises and textile sectors.
- Congress states to raise issue of revenue shortfall at GST meetThey said there was a lot of pressure on states due to the hasty implementation of GST. “There is pandemonium, there is chaos,” they said i...
- GST cut to boost cotton, woollen but prices remain unaffectedThe GST Council has reduced the rate to 5% from the initially decided 18% on August 5. The move is expected to boost domestic business and ...
- GST relief for textiles, goods movement to get smootherFinance minister Arun Jaitley said the council discussed the anti-profiteering issue and would launch a campaign on it to inform the consum...
- FM Arun Jaitley rules out lowering GST rate for textiles sectorUnder the Goods and Services Tax regime yarn and fibres made from silk, wool, cotton or other vegetable fibres attract 5 per cent tax.
- Lower GST on job work of textile yarn to help SMEs: CITIA job work involves a manufacturer sending goods out of the factory for specialised processing job without having to pay taxes.
- 18% tax to raise prices of garments, made-ups: Textile industryGiving reasons for lowering the tax rates, Finance Minister Arun Jaitley had said the objective was to maintain equivalence to the existing...
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