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TEXTILE GST HIKE
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 35%The price hikes in petrol and diesel follow the increase in the duty on gold. The way these hikes are being implemented makes it clear that...- 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...
- Centre deferred GST hike on textiles fearing defeat in upcoming polls: CongressThe party's national spokesperson Pawan Khera said considering the current scenario of inflation, wishing people a "prosperous year" would ...
- 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...
- 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...
- 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...
- GST hike from January 1: How hard will the changes hit textile & handloom industry?This tax increase will aid the Centre, which is experiencing a revenue shortage as a result of recent fuel duty cuts, by stabilising tax re...
- 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...
- 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...
- Withdraw plan to hike GST rate on textile, apparel items: Telangana Minister to Centre"The current decision to impose additional seven per cent GST on the handlooms would leave the sector crippled. Telangana produces world-cl...
- 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...
- Retailers Association of India urges govt to reconsider proposed GST rate hike on textiles, apparelsRAI asked "the central and state governments and GST Council to reconsider its decision to prevent a complete collapse of the sector and ma...
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