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2018-06-06 11:33:00
This is major relief for the textile industry, says Ujwal Lahoti
Ujwal Lahoti, chairman, Cotton Textile Export Promotion Council said that, “Some policy measures like refund of embedded taxes (also recognised by the Economic Survey for 2017-18), extending
2017-10-13 14:00:00
Textile sector to get some relief with reduced GST on yarn
The man-made fibres and yarns were slotted under 18 percent GST rate while the fabrics were slotted under 5 per GST slab with a condition of no refund ITC at fabric stage. This had created a huge
2017-10-10 10:00:00
Latest revision of GST rates welcomed by textile industry
The Country’s finance minister Arun Jaitley on Friday announced latest revision in the goods and services tax (GST) rates. Tax rates on man-made yarn is reduced from 18 percent to 12
2016-09-07 15:00:00
Govt on the verge of implementing GST of 12% for textile industry
The government has so far incentivized the textile industry that has been one of the largest contributors to the country’s exports and provider of jobs to million. The latest being the
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