The 56th GST Council reforms bring both opportunities and challenges for the textile and apparel sector. While the increase of GST on coal from 5 to…
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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), and…
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 jewellery,…
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 lower…
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 of…
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain.
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain.