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Traders to enrol on GST portal
November 2016
Traders in Maharashtra will need to enrol on the Goods and Services Tax common portal from November 16 to 30. Traders need to log in with their current ID and password on the GST portal.
GST reform a major step forward: CITI
November 2016
The politics of Goods and Services Tax (GST) Bill may take some more time to sort out, but its basic impact on various industries can be analysed beforehand. GST and its impact on the textile sector was the hot topic of discussion at the recently-concluded 58th Annual General Meeting of Confederation of Indian Textile Industry (CITI), held at Hotel ITC Maratha, Mumbai on September 28, 2016. Speaking on GST were: Sachin Menon and Santosh Dalvi from KPMG, and Sanjeev Saraf and Dilip Dixit from BSR & Associates.
GST: Bane or boon?
September 2016
The politics of Goods and Services Tax (GST) may take some more time to sort out, but its basic impact on textile industry can be analysed beforehand. ITJ sought opinions on GST’s impact on the textile industry. Current exemptions on certain goods to continue: Multiple exemptions exist under the present tax system – the Centre has ~300 items exempted from central excise duty, while the States (together) have ~90 items exempted from VAT. These will be merged into a Final synchronised exemption list under the GST regime.
GST to boost textile exports: ITF
August 2016
Textile industry in the region today welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.
Seal of approval elusive GST
May 2016
GST has struck the stumbling-block. Will it see the light of the day is the question on everyone’s lips! An ITJ exclusive report takes a hard look at the issues and various implications of this much-touted taxation initiative. GST, only a few months ago, it was a buzzword. With other pressing political issues and economic concerns, now decision-makers seem to be suffering from a temporary amnesia! The GST debate even has come to a standstill!
The year that was
October 2015
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
Govt´s support lacking
April 2015
The current budget for 2015-16 is considered as growth oriented by various experts, but I think for textile Industry, it is not very promising budget. The Government´s vision of growing Indian textile and apparel industry to US$ 220 billion by 2020 needs more support and schemes from government. Unfortunately major demands of Industries have not been met in current budget.
Textile Industry: Delegation meets Textile Minister, Raises Concern over ailing Domestic Industry
March 2015
The Hon’ble Minister was apprised that while Textile Industry was expecting a strong focus from the Government, however, there was no mention of it and nothing was done in the Budget to improve the health of the Textile sector.
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