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FOOTWEAR GST BENEFITS
From $300 to $8,500 freight: West Asia war squeezes UP MSMEs, delays stretch to 60 daysExporters report shipment delays of up to 60 days, 20-30% cost escalation, and growing order uncertainty due to the West Asia conflict.- Consumption slowdown in Q4 to spoil full year's sales showConsumer electronics and smartphone sales in India experienced a significant slowdown in the March quarter. This trend impacted the overall...
- Retailers report 11% growth during festive period as GST reform improves consumptionIndian retail saw an 11% growth during the recent festive season. This uplift was driven by a GST cut, encouraging consumers towards value-...
- Arvind Fashions reports 25% growth in footwear as GST reduction boosts consumer demandArvind Fashions' CEO Amisha Jain reported a settlement in BIS certification disruptions, leading to over 25% year-on-year growth in the foo...
- GST cuts to boost consumer durables, affordable housing could gain later: Sunil SubramaniamGST cuts on textiles and footwear may offer some relief. Market expert Sunil Subramaniam anticipates a demand surge in big-ticket items. Th...
- GST 2.0: Unchanged budgets with lower prices spur demand for pricier TVs, cars and apparelPrice reductions under the GST overhaul have accelerated demand for higher-end products, companies report. Sales of 55–65 inch TVs, five-st...
- Retailers, malls stock up and roll out discounts ahead of GST rate cut, festive rushRetailers and malls in India, including DLF Retail, Tata Cliq, and Croma, are preparing for a surge in sales ahead of the Goods and Service...
- GST rate cuts lower apparel and footwear prices but retailers trim discountsApparel and footwear brands will pass on GST benefits to consumers. Prices will drop for items under ₹2,500. Discounts from retailers' marg...
- GST reforms most positive for footwear, quick restros, FMCG, grocery retailers: ReportBernstein reports that GST rate cuts will likely boost India's consumption. Footwear, QSRs, FMCG, and grocery retailers may benefit. Person...
- Amber Enterprises, Trent among key winners of GST-driven demand upswingIndia's retail sector anticipates a consumption boost. The GST Council's tax slab rationalization aims to reduce prices on many goods. Appa...
- How will the recent GST changes affect different sectors of the economy?GST slab rationalization is set to spur consumption and economic growth. Automobile, cement, and consumer goods sectors are likely to benef...
- Bata begins giving GST rationalisation benefits to customersBata India has launched its "Bata Price Promise" initiative, proactively implementing the GST rate cut on footwear priced below Rs 1,000 be...
- Consumption stocks are likely to gain from GST rate cutOf the 50-odd items that are under 28% tax slab, 19 will see a cut in taxes. Tax rates on select items from other slabs of 18% and 12% have...
- GST rate cut to bring renewed interest in beneficiary stocksET takes a look at the outlook for beneficiaries of the reduction in the rates.
- GST: With exceptions coming in, companies begin tax planningA tax partner at a leading consulting firm said, “GST was expected to end loopholes created through carve-outs and exemptions.
- Prices to rise by 15% after increase in import duty says Shoppers Stop MD Govind ShrikhandeThe GST council on November 10 had revised the tax rates on around 178 items, ranging from chewing gum to beauty products.
- India has the largest footwear market in the world: Adesh Gupta, CEO, Liberty ShoesThe footwear industry has been recognised by the Govt as a focus sector in the Make in India whether we do it for India or we do it for the...
- Investors cheer retailers facing lower tax ratesShares of companies like Relaxo, Bata gained 4.31% and 0.94%, respectively.
- GST: While apparel is at 12% why footwear is at 18% asks Adesh Gupta, Liberty ShoesAdesh Gupta, Liberty Shoes says that the footwear industry is totally disappointed with GST rates fixed for the sector.
- West Bengal achieves highest percentage of enrollment in GST through CBECKolkata ranks third among all the cities in the number of GST enrolment, the first and second cities being Ahmedabad and Mysore respectivel...
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