Tag: Goods and Services Tax

NITMA seeks uniform 5% GST on polyester staple fibre and polyester spun yarn

admin- August 28, 2025

GST rate on PSY must be reduced from 12 to 5 per cent (to align with fabric which is already taxed at 5 per cent), ... Read More

Stalin urges Centre’s intervention to shield Tamil Nadu textiles from US tariff hike

admin- August 20, 2025

Stalin cautioned that the tariff shock would not only hit textiles but also other labour-intensive industries such as apparel, leather, automotive components, machinery, gems and ... Read More

Textile units face GST scrutiny over service misclassification

admin- March 18, 2025

The CGST department has observed that several manufacturers have recorded processes involving significant alterations to fabric as mere ‘washing and dyeing’ to benefit from a ... Read More

Ludhiana’s textile sector urges government for FTAs

Divya S- May 30, 2024

Over the past eight years, the industry has experienced significant fluctuations. Ludhiana's textile industry is currently facing numerous challenges and adjusting to a new phase ... Read More

Crisis in Bhiwandi powerloom sector

admin- August 1, 2020

Bhiwandi has approximately 6.5 lakh power looms, which is 33 per cent of country’s total power looms. Out of 6.5 lakh, about 15-20,000 looms are ... Read More

GST Council allows ITC refund to fabrics

admin- July 25, 2018

The Goods and Services Tax (GST) Council at its 28th meeting held under the chairmanship of Union minister for railways, coal, finance and corporate affairs ... Read More

Rs 8,450-cr sops for MSMEs

admin- December 7, 2017

The Indian government has announced fresh incentives worth Rs 8,450 crore to boost exports and support the MSME and labour-intensive industries. The incentive came as ... Read More