Raw jute has been kept at NIL rate of GST i.e. there would be no tax on raw jute. Jute mills are not required to pay tax under Reverse Charge Mechanism (RCM) as mentioned under section 9(4) of the CGST Act, 2017.
Browsing: Interviews & Opinions
The Hohenstein Institute recently appointed Dr Timo Hammer to lead the William-Küster Institute (WKI) for Hygiene, Environment and Medicine.
Jogindra Industries Pvt Ltd is an eminent organisation based in New Delhi, which endows an exceptional assortment of textile dyeing and processing machines.
Elgi Equipments Limited is a leading air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. ELGi has earned worldwide distinction for designing sustainable solutions that help companies achieve their productivity goals and keep the cost of ownership low.
Truetzschler India Pvt Ltd and A.T.E. recently completed phase-I of the prestigious Sintex Industries – its Yarn Division’s project of 1 million spindles at Rajulah, Amreli, in Gujarat. The project once fully operational will produce cotton, melange and linen yarns.
“Being based in Ichalkaranji has a lot of advantages and also some challenges. The availability of the latest state-of-the-art weaving machines, warping and sizing facilities, etc. augur well for large scale outsourcing. The biggest challenge though is that the present work culture and ethic, which is very mediocre and getting them to work on export based orders, faster turn-around-times gets very testing,†says Nikunj Bagdia, Managing Director, Ken Enterprises Pvt Ltd,
GST… GST… GST…
Anywhere and everywhere and in each corner of textile industry, right from mills, textile traders to textile suppliers “GST†is the talk of the hour. Recently it is the only buzz that has been heard in the Indian manufacturing sector across all sectors. There are reports and synopsis presented on GST.