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2017-08-01 10:00:00
GST council likely to lower tax rate on garment job works to 5pc
The GST Council headed by Finance Minister Arun Jaitley and comprising of representatives of all the 29 states, this week is likely to consider lowering of tax rates for job works for making garments
2017-06-13 14:00:00
DGFT creates GST facilitation cell to assist and advice exporters
Directorate General of Foreign Trade (DGFT), functioning under the ministry of commerce and industry, Government of India, has constituted a Goods and Services Tax (GST) facilitation cell to assist
2017-06-05 13:00:00
Khadi yarn, Gandhi topi, national flag exempted from GST tax regime
All categories of fabric, except khadi yarn, Gandhi topi, India's national flag will not attract any tax under the Goods and Services Tax (GST) regime. The tax department has also put up on its
2017-04-18 15:00:00
Textile sector demand uniform GST tax of 5pc across all value chains
The textile industry of India has urged the government to place all products across the textile and apparel value chain under the lowest slab of the Goods and Services Tax (GST) of 5 percent to avoid
2017-02-08 10:00:00
Vietnam textile urged to improve and enhance in global value chain
The foreign direct investment (FDI) firms has greatly contributed to Việtnam’s economic growth, accounting for around 70 percent of national export turnover while domestic enterprises
2017-01-27 10:00:00
GST in Budget 2017 may put up branded apparels prices
If you like wearing branded outfits then get ready to shell out more on your next shopping as the introduction of GST (Goods and Service Tax) may bump up the price of branded apparels. As per
2017-01-25 15:00:00
Pakistani textile exporters allowed duty drawback of taxes
The Pakistan Ministry of Textile Industry under the prime minister's package of incentives has allowed duty drawback of taxes for exporters. The duty drawbacks under this order shall be allowed for
2016-08-31 00:00:00
Textile Industries gearing up for GST, new tax system
The Indian Chamber of Commerce and Industry, Coimbatore, plans to have a series of programmes on Good and Service Tax (GST) so that entrepreneurs in each sector will know in details about its impact
2016-08-05 16:15:00
Branded apparel may get costlier with the implementation of GST
With the implementation of the goods and services tax (GST) that is expected by April 2017. According to industry and experts, tax incidence on branded apparels and other finished textile products
2016-08-04 12:00:00
Disparity in excise duty rates of cotton and MMF likely to be erased
At present, man-made fibres attract a 12% excise duty while cotton fibres attract none. This duty disparity has distorted the domestic consumption pattern in favour of the cotton fibre, divergent to
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