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 contractsâ€Â, Finance Ministry said.
Browsing: goods and service tax
The Clothing Manufacturers Association of India (CMAI)â€â€in association with Tata Consultancy Services (TCS)â€â€has developed a software for garment manufacturers to alert them about GST (Goods and Services Tax) compliance.
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.
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).
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 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.
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.