Tag: gst
M B Raghunath: Reduction in GST will make mid-market apparel more affordable
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 ... Read More
NITMA seeks uniform 5% GST on polyester staple fibre and polyester spun yarn
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
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
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
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
SIMA wants 5% GST across textile sector
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain. Read More
SIMA wants 5% GST across textile sector
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain. Read More
