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Entire textile chain under tax net now
June 2018
The Goods and Service Tax (GST) has helped both Centre as well as States to gather data on small manufacturers and consumption, and the entire textile chain is now brought under tax net and segment of land and real estate transactions has also been brought into tax net “works contracts”, Finance Ministry said.
Textile traders on 3-day bandh over GST
June 2017
The textile trading community has decided to call for a major shutdown of business, to oppose the imposition of goods and services tax (GST) from July 1.
CMAI-TCS software on GST
June 2017
The Clothing Manufacturers Association of India (CMAI)—in association with Tata Consultancy Services (TCS)—has developed a software for garment manufacturers to alert them about GST (Goods and Services Tax) compliance.
Recycled PSF producers seek continuation of tax advantage in GST
May 2017
The All India Recycled Fibre & Yarn Manufacturers Association has requested the Union Finance Ministry to maintain the current excise duty cost advantage of recycled PSF vis-à-vis virgin PSF, while finalising the GST rates.
GST shift to hit capital cycle of biz
May 2017
The transition to GST will disrupt the working capital cycle of businesses in the initial phase and thus easy liquidity in the system is essential for two to four months, says India Ratings and Research (Ind-Ra).
ITF seeks uniform rate for textiles under GST
May 2017
The Indian Texpreneurs Federation (ITF) has urged the Tamil Nadu Government to ensure that textile industry gets uniform rate under Goods and Services Tax (GST).
Uniform GST rate for textile industry?
May 2017
The textile industry is expected to have a uniform GST rate, says Union Textile Minister Smriti Irani. She disclosed during a recent conference and assured there would be neutrality in the rate.
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.
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