India's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highlighted that external factors are caus...

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...

The government's GST rate rationalisation for the textile sector aims to boost the industry towards a $350 billion target by 2030. Key chan...

The GST Council is scheduled to meet on September 3 and 4 to discuss reducing tax rates on various goods and services. Key proposals includ...

Indian industry and other various States have opposed the increase in the tax to 12% from 5% effective January 1, citing higher compliance ...

Reform should entail having a central rate for the vast majority of goods, a merit rate and a demerit rate. But this requires political wil...

In the pre-budget meeting chaired by Union Finance Minister Nirmala Sitharaman, states like Gujarat, West Bengal, Delhi, Rajasthan and Tami...

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...

The sector had opposed the increase citing higher compliance costs, especially for the unorganised sector and micro, small and medium enter...

"The current decision to impose additional seven per cent GST on the handlooms would leave the sector crippled. Telangana produces world-cl...

The Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...

GST Council in its meeting in September had decided to correct inverted duty structure on footwear and textiles, which it said will come in...

Representatives of textile industry have come forward to register their "disappointment" with the government for ignoring the calls of an i...

Under the Goods and Services Tax regime yarn and fibres made from silk, wool, cotton or other vegetable fibres attract 5 per cent tax.

The apex industry association of the textile sector on Monday urged the government to reduce the levy to 12% to save the sector whose growt...

CITI chairman J Thulasidharan complimented the government for keeping the rates at low level so that textile sector, especially cotton base...

ICRA points out that the most of the cotton based textile players in the value chain operate through the optional route, thereby resulting ...