M Senthilkumar, Chairman, The Southern India Mills’ Association (SIMA) has highly appreciated and thanked the concerted and constant efforts made by Union Textile Minister, Smriti Zubin Irani for fully understanding the needs of the industry and persuading the Finance Minister and Prime Minister to classify the entire cotton textile value chain under 5 per cent GST rate.
Browsing: textile tax
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).
Textile shop owners in Surat are an unhappy lot today, for they have been asked to pay property tax for the shelf space created inside the shops for storing the grey fabrics and finished stock.