Tag: textile taxation

FDI in textiles doubles

admin- August 16, 2017

Foreign direct investment (FDI) in textile sector more than doubled to $618.95 million during 2016-17 from $230.13 million in the previous fiscal, Parliament was informed ... Read More

GST council reduces tax rates on textile

admin- August 7, 2017

The GST council has reduced the tax rate on job work on all textile-related items to five per cent from 18 per cent to ensure ... Read More

5% GST on fabrics to stay

admin- July 24, 2017

The Government has ruled out relief to the textile industry, which has sought abolition of the 5 per cent GST imposed on fabrics. Read More

Textile traders on 3-day bandh over GST

admin- June 28, 2017

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 ... Read More

CMAI-TCS software on GST

admin- June 19, 2017

The Clothing Manufacturers Association of India (CMAI)—in association with Tata Consultancy Services (TCS)—has developed a software for garment manufacturers to alert them about GST (Goods ... Read More

ITF hails revision of job work rates

admin- June 14, 2017

The Indian Texpreneurs Federation (ITF) has hailed the revision of job work rates for textile, leather and gems and jewellery sectors to 5 per cent ... Read More