Apparel and Textile News Trade Info News

Textile Traders of Surat urges Council for easy GST procedures

After meeting the representatives of Textile Industry in Surat, Union Finance Minister Arun Jaitley assured them that the Centre will look into their concerns. The textiles body in Surat made representation before the finance minister seeking ease in procedures related to Goods and Services Tax (GST). Both the association and Jaitley said that the meeting […]

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November 28, 2017
5 Comments
424 Views

Apparel and Textile News Trade Info News

Textile Sector Skill Council Bags Champion Skill Council Award

The Union Finance Minister, Arun Jaitley conferred the award, “Champion Sector Skill Council” to Textile Sector Skill Council (TSC) for its outstanding work in establishing skill-training ecosystem for Textile & Handloom industry. The awards were received by Sanjay Kumar Jain, Chairman and Dr. J V Rao, CEO of TSC. The same was awarded in a […]

appareltalk
November 13, 2017
9 Comments
520 Views

Apparel and Textile News Ministry of Textiles News Trade Info News

Uniform Tax Rate for Manufacturers and Traders by GST Council

Arun Jaitley, Indian finance minister along with the GST members has recommended changes in the Composition Scheme at its 23rd GST meeting held at Guwahati on November 10, 2017. The meeting unveils major relief in GST rates on some goods and services, spread across many sectors and commodities. The Council recommended a uniform tax rate […]

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November 11, 2017
1 Comment
450 Views

Apparel and Textile News Trade Info News

Revised GST rates appreciated by the Textile Industry

After the latest revision in the goods and services tax (GST) rates announced by the Country’s finance minister Arun Jaitley on Friday, the Indian textile industry is hopeful of growth with revision in the GST rates. The change in GST rate not only will strengthen the entire textile value chain and make textile industry globally […]

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October 10, 2017
14 Comments
468 Views

Apparel and Textile News Trade Info News

AEPC welcomes new GST rates by the Council

The apparel exporters’ body, Apparel Export Promotion Council (AEPC) has welcomed the slew of measures taken by the GST Council at its 22nd meeting held on October 6 and said that the new measures will give immediate relief to the apparel exports sector which was going through a difficult and stressful phase due to various […]

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October 9, 2017
2 Comments
444 Views

Apparel and Textile News Trade Info News

GST rate on sewing machine parts hike from 12% to 18%

Sewing machine dealers and traders in the meeting unanimously decided that businessmen will continue to charge and pay 12% GST rate on sewing machine parts, which they have been doing since July 1. But after the imposition of 18% GST on sewing machine parts according to the Central Board of Excise and Customs (CBEC) announcement […]

appareltalk
October 4, 2017
2 Comments
1.24K Views

Apparel and Textile News Trade Info News

Goods movement to get smoother under GST Regime

The GST Council reduced the job work rate in the textiles sector to 5 per cent from 18 per cent with the finance minister Arun Jaitley appealing to businesses to pass on the benefits of the tax reform measure. The reduction in such rate of job work will be applicable across the entire textile chain […]

appareltalk
August 7, 2017
4 Comments
399 Views

Apparel and Textile News Trade Info News

Tax rate on garment job works may lower to 5pc

The GST Council this week is likely to consider lowering of tax rates for job works for making garments to 5 per cent from 18 per cent and will be also considering removing anomaly in taxation in cases where the intermediate goods are taxed at the highest bracket than the tax on final output, according […]

appareltalk
August 1, 2017
1 Comment
393 Views

Apparel and Textile News Trade Info News

Filing deadline on GST relaxed for first 2 months

The GST Council has rejected demands for postponing GST rollout but eased the filing deadlines for the first two months to help businesses prepare better. The government said a new form (GSTR-3B) will be available for the first two months, which will enable businesses to file returns and pay taxes. They will then get an […]

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June 19, 2017
2 Comments
339 Views

Apparel and Textile News Trade Info News

Lower GST for apparel job work demanded

Even as the GST for job working units in textiles has been cut from the proposed 18 per cent to 5 per cent , apparel, a major segment in the textile value chain, has been left out of the reduction. Garment exporters in Tirupur are now urging the government to levy only 5 per cent […]

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June 15, 2017
10 Comments
402 Views

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Jain Thanks FM for a Balanced GST

Managing director TT LTD., Sanjay K Jain has thanked finance minister Arun Jaitley and Textile minister Smriti Irani for keeping the cotton value chain and garments (<1000) under 5 per cent GST slab which will ensure that there is no inflation for the common man due to the proposed tax. Describing the GST as a […]

appareltalk
June 12, 2017
31 Comments
356 Views

Apparel and Textile News Trade Info News

EPCH appeals FM to exempt Handicrafts from GST

The Export Promotion Council for Handicrafts (EPCH) has sent a delegation of the manufacturers, exporters and industry associations from all over India to Arun Jaitley, minister of finance, highlighting the concerns of the handicrafts sector in the forthcoming GST regime and requesting handicrafts sector to be exempted from the GST. “GST regime may be tough […]

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October 19, 2016
4 Comments
443 Views

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Tag: Arun Jaitley

Textile Traders of Surat urges Council for easy GST procedures

Textile Sector Skill Council Bags Champion Skill Council Award

Uniform Tax Rate for Manufacturers and Traders by GST Council

Revised GST rates appreciated by the Textile Industry

AEPC welcomes new GST rates by the Council

GST rate on sewing machine parts hike from 12% to 18%

Goods movement to get smoother under GST Regime

Tax rate on garment job works may lower to 5pc

Filing deadline on GST relaxed for first 2 months

Lower GST for apparel job work demanded

Jain Thanks FM for a Balanced GST

EPCH appeals FM to exempt Handicrafts from GST