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GST ON FOOTWEAR
India's consumption story coming back to life and the timing couldn't be better: Ashi AnandIndian consumers are set for a strong recovery. Falling interest rates and potential oil price drops are boosting confidence. Tax cuts are ...- Induction cooktop makers may be enticed with duty, GST cutsIndia is weighing tax cuts on induction cooktops. This aims to boost local manufacturing and make electric cooking more affordable. The gov...
- India's consumer discretionary firms set for strong growth, demand recovery in Q4: ReportConsumer discretionary companies anticipate robust revenue and earnings growth in the March quarter of FY26. Demand is recovering across va...
- 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...
- India may give a $1 billion relief to footwear industry to cushion against 50% Trump tariffs: ReportIndia is preparing a significant financial package to bolster its footwear industry. This initiative aims to strengthen the entire producti...
- 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...
- 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...
- Footwear stocks rise up to 7% as GST slashed to 5% on pairs below Rs 2,500Footwear company stocks surged following the GST Council's decision to reduce the GST rate on shoes priced up to Rs 2,500 from 12% to 5%. T...
- GST on footwear, apparels priced at Rs 2,500 cut to 5%The GST Council has likely approved reducing the GST rate on footwear and apparel priced up to Rs 2,500 to 5%. Previously, this rate applie...
- Higher GST on textiles, footwear unlikely todayThe industry and various states have opposed the increase in the tax to 12% from 5% effective January 1, citing higher compliance cost, esp...
- Pricey unity of textile GST ratesReform should entail having a central rate for the vast majority of goods, a merit rate and a demerit rate. But this requires political wil...
- New GST rates on textile likely from JanuaryThe sector had opposed the increase citing higher compliance costs, especially for the unorganised sector and micro, small and medium enter...
- 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...
- Liberty Shoes may hike prices by up to 10% to offset GSTIn the new Goods and Services Tax (GST) regime, to be rolled out from July 1, footwear below Rs 500 will be taxed at 5 per cent, while the ...
- Investors cheer retailers facing lower tax ratesShares of companies like Relaxo, Bata gained 4.31% and 0.94%, respectively.
- Bata, Relaxo and Sree Leathers surge on GST boosterBata India and Relaxo Footwears were up 2.04 per cent and 3.27 per cent at Rs 561.45 and Rs 486.40, respectively.
- GST to be 5% on footwear below Rs 500, 18% on restThe GST Council, chaired by Arun Jaitley and comprising his state counterparts, today decided on tax rates for six goods including footwear...
- Minister Deshpande wants footwear, textiles and biscuits under low GST slabHe urged Finance Minister Arun Jaitley to put items such as footwear, textiles and biscuits under a low GST rate as they are used by the ma...
- Budget 2015: Footwear industry says duty cut to help competitivenessEY, Tax Partner, Bipin Sapra said, "The decrease in price of footwear is a welcome move amidst the increase in cost of living of a middle c...
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