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CITI welcomes new GST Rates and Policy by The Council

To reduce the burden of tax compliance on manufacturing and services sector, The Confederation of Indian Textile Industry (CITI) has welcomed the recent decision announced by the GST Council for bringing in number of reforms in GST law for promoting ease of doing business. The CITI Chairman Sanjay K Jain applauded finance minister Arun Jaitley […]

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November 13, 2017
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FM rules out GST cut for textiles sector

The centre has ruled out cutting tax rates for the textiles sector, saying a zero per cent GST on fabrics will break the input tax credit chain for the domestic industry and make imported items cheaper. Amid protests in Gujarat by textile traders who are demanding rollback of 5 per cent GST on fabrics, finance […]

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July 19, 2017
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Demand for lower GST rates on MMF & Yarn

The Confederation of Indian Textile Industry (CITI) has urged the finance minister Arun Jaitely for reducing GST rates on man-made fibres (MMF) and yarns from 18 per cent to 12 per cent otherwise this would affect the MMF textile segment prospects in the country in a big way. This will come as big blow to […]

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June 20, 2017
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444 Views

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TEA Appreciates Reduction of GST rate for Job Work

Tirupur Exporters Association (TEA) President, Raja M Shanmugham hailed the finance minister Arun Jaitely and GST council for the decision to reduce GST rate for textiles and wearing apparel manufacturing job work services from 18 per cent to 5 per cent. In a press release Shanmugham said the much required decision is a big relief […]

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June 12, 2017
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TEA hails GST rate for Garments at 5%

TEA President Raja M Shanmugham, has thanked the finance minister Arun Jaitley for considering the requisition and helping to fix GST rate at 5 per cent for garments including cotton, cotton yarn and fabrics. He said this would help the predominentary cotton based textile industry to grow and also increase exports. M Shanmugham also thanked […]

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June 5, 2017
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386 Views

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SIGA Suggests uniform rate of GST

The South India Garment Association (SIGA) has hailed the union finance minister Arun Jaitely for converting GST into a reality and appreciated the concept of one nation one tax policy and suggested for an uniform rate of tax by levying same rate on Yarn and fibre, finished and processed fabrics and ready made garments. In […]

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May 29, 2017
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Union Budget 2017- 18 Welcomed by the Textile Sector

The Union Budget 2017-18 is a growth oriented as it will enable the manufacturing sectors to grow at a faster rate as considered by the Indian textile sector. The budget focuses on the areas like infrastructure development and youth skills development, tax reduction for MSME industrial units which will boost the local economy and create […]

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February 1, 2017
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India-Canada Annual Ministerial Dialogue Toronto, Canada

The third India-Canada Annual Ministerial Dialogue was held on 29-09-2016 between the Commerce and Industry Minister Nirmala Sitharaman and the Trade Minister of Canada Chrystia Freeland at Toronto. The discussion covered outstanding trade and investment related issues and among other things, focused on expanding bilateral trade, having more B 2 B interface with constitution of […]

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September 30, 2016
4 Comments
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CITI welcomes new GST Rates and Policy by The Council

FM rules out GST cut for textiles sector

Demand for lower GST rates on MMF & Yarn

TEA Appreciates Reduction of GST rate for Job Work

TEA hails GST rate for Garments at 5%

SIGA Suggests uniform rate of GST

Union Budget 2017- 18 Welcomed by the Textile Sector

India-Canada Annual Ministerial Dialogue Toronto, Canada