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Apparel and Textile News

Biggest market for Saris in India by Only Vimal

Reliance Industries Limited (RIL) textile's division, Only Vimal has launched the biggest market for saris and dress materials in Surat, India. After re-launching the brand in January this year, it has now been expanded to over 10 catalogues featuring new collections like Sonali, Arunima, Aashriya, Ishita and Sanjoli. While inauguarting the office, Hemant Desai (president - corporate affairs) said that being the textile hub of the nation, the city is…
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Apparel and Textile News

Post-GST rates of ROSL to boost Apparel & Textiles sector

Indian Government has notified post-GST rates under Remission of State Levies (RoSL) scheme to support exports of readymade garments, made-ups and under AA-RoSL for garments, Government vide Notification No. 14/26/2010- IT dated 24th November 2017. The Post-GST rates of RoSL are upto a maximum of per cent for cotton garments, per cent for MMF, Silk and Woolen garments and per cent for apparel of blends. Rates are upto a maximum…
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Apparel and Textile News

Lowering of GST rate on job work welcomed

The GST Council's move to slash the rate on job work like weaving, cutting, knitting and embroidery to 5 per cent from 18 per cent is today welcomed by the Confederation of Indian Textile Industry (CITI). This rate will be applicable for job works in apparel, shawls and carpets. CITI vice chairman Sanjay K Jain in a statement described it as a big breather to small job work manufacturers in…
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Apparel and Textile News

Neutral GST rates for most textile segments

The impact of the Goods and Services Tax (GST) is likely to be neutral to positive across segments in the textile industry compared to the current tax regime, Information and Credit Rating Agency (ICRA) in a report said. As per the rating agency's estimates, the effective tax incidence on cotton and man-made fibre (MMF) or blended textiles under the existing tax regime is in the range of 5-7 per cent…
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Apparel and Textile News

SIMA Seeks PM’s Help For Job Work Issues

The GST Council’s decision of considering any rate revision only after three months would paralyse the decentralized garment/madeup segments that predominantly function with the jobwork, The Southern India Mills’ Association (SIMA) said. “Garment/madeup sector, the largest employment provider in the entire textile value chain was hoping that the GST Council would include jobwork relating to garmenting/madeups under the service tax list of 5 per cent GST rate in its 17th…
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Apparel and Textile News

‘Positive’ about GST rate in Textile industry

The GST rate of five per cent on the textile sector has seen a lot of 'positive response' from the industry. Whether cotton, jute or silk, "we said that the textile sector should have a five per cent GST," A Madhukumar Reddy, Joint Secretary, ministry of textiles, told Newsmen. The same rate applied to the sale of garments with a value of less than Rs. 1,000. "In terms of items…
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