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.
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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).
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.
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.
Reduction in excise duty on man-made staple fibres of Chapter 55 and filament yarns of Chapter 54.
Interest rates to be capped at 7% for exporters. Expansion of interest subvention scheme to the entire MMF textiles sector. Best FTA treatment to SEZ units. Special Additional Duty (SAD) on MMF. 4% SAD on all man-made fibres should be abolished.
The SRTEPC has played a transforming role over the years in promoting exports of Indian Man-made fibre textiles. Exports of these items which were negligible in the 1960s, have grown substantially to touch Rs. 34,518 crores (US$5.75 billion) during 2013-14.