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TAX HIKE IN TEXTILE
These 8 banking stocks have an upside potential of up to 26% in 1 year, according to analystsIf oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these ...
Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FMIndia's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the governme...
Crude awakening: Chemical companies face margin pressure as oil-linked costs surge amid geopolitical tensionsRising crude oil prices are pressuring chemical sector margins due to increased feedstock and energy costs. Despite this, the Nifty Chemica...
These 8 private and public banking stocks have an upside of up to 27% in one year, according to analystsInflation is at a 13-month high, primarily led by a rise in food prices. And with an impending fuel price hike, it could spike even more. A...
Tamil Nadu 2026 assembly polls: Tiruppur's entrepreneurs disenchanted with DMKTiruppur's textile businesses are expressing strong dissatisfaction with the DMK government, citing increased electricity prices, property ...
Noida MSMEs flag wage hike amid rising costs, seek financial relief, subsidiesMSME entrepreneurs in Noida and Greater Noida have flagged rising costs and policy imbalance following the recent hike in wages and overtim...
CITI warns of job losses, economic impact from proposed GST hike on garmentsProposed GST increases on garments worry the textile industry. The Confederation of Indian Textile Industry warns of job losses and economi...
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...
Garment, hosiery trade bodies seek scrapping of GST hike proposal not defermentThe hosiery industry body Federation of Hosiery Manufacturers Association of India (FOHMA) has hailed the decision to hold the GST rate hik...
GST Council decides to defer rate hike on textiles from 5% to 12%The Council, which is the apex decision-making body for the indirect tax, also extended the tenure of the panel by two months.
Sharing of powers of direct taxation and indirect taxation is unfair: Tamil Nadu govtSpeaking at the 46th meeting of the GST Council held in the national capital under the chairmanship of Union Finance Minister Nirmala Sitha...
GST council defers rate increase on man-made fibre, yarn, fabrics and apparelThe panel looking into rate rationalisation has been tasked to re-examine the issue. The council, which is the apex decision-making body fo...
GST Council decides to defer rate hike on textiles from 5% to 12%Indian industry and other various States have opposed the increase in the tax to 12% from 5% effective January 1, citing higher compliance ...
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...
States demand GST rate hike on textiles be put on holdIn the pre-budget meeting chaired by Union Finance Minister Nirmala Sitharaman, states like Gujarat, West Bengal, Delhi, Rajasthan and Tami...
Delhi govt supports traders' protest against GST hike: SisodiaDelhi government supports protest of traders against increase in goods and services tax on textile, and will raise the issue in GST council...
Amit Mitra seeks GST Council meet to scrap tax hike in textileThe union government had notified to increase the tax on natural fibre products from 5% to 12%, including apparels in the lower tax bracket...
Textile industry goes on strike over GSTThe strike was to protest against the increase in GST (goods and services tax) from 5 per cent to 12 per cent. President of Erode Cloth Mer...
‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choicesThe Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...
- April may not see 1% cut in CST
Uncertainty looms large over 1% cut in central sales tax (CST) from April 1 this year.