E-wallet to solve delay in Exporters' GST Refund

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E-wallet to solve delaye in Exporters’ GST Refund

Indian commerce and industry minister, Suresh Prabhu recently said that the e-wallet will solve the exporters problems about delays in refund of taxes under the goods and services tax (GST) regime. The GST Council in its meeting earlier this month decided to implement the e-wallet scheme for refunds to exporters by October 1. Under the […]

appareltalk
March 23, 2018
8 Comments
385 Views

Apparel and Textile News Trade Info News

Designer sarees to attract 5 % GST

The Central Board of Excise and Customs (CBEC) has said that Sarees – designer, embroidered or otherwise value added will attract 5 per cent GST. CBEC said sarees are treated as fabric and it remains so even after embroidery etc as no new item emerges having a distinct name, character and use. “Therefore, sarees, embroidered […]

appareltalk
August 1, 2017
1 Comment
496 Views

Apparel and Textile News Trade Info News

Rules On Raids For Tax Evasion By CBEC

The revenue department has directed excise officials to visit readymade garment retail outlets or chains only when they have specific inputs regarding duty evasion and that too after the approval of senior officers. The Central Board of Excise and Customs (CBEC) was clarifying on the scope of levy of excise duty on branded readymade garments […]

appareltalk
June 17, 2016
4 Comments
353 Views

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No Change In CENVAT Rules For Textile Goods

There is no change in exemption from excise duty for textile goods as mentioned in central value added tax (CENVAT) Rules 2004, the union ministry of finance has clarified. The Central Board of Excise and Customs (CBEC) had issued a notification on July 17, 2015, which stated that the excise duty credit could be claimed by […]

appareltalk
July 31, 2015
0 Comments
385 Views

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Tag: CBEC

E-wallet to solve delaye in Exporters’ GST Refund

Designer sarees to attract 5 % GST

Rules On Raids For Tax Evasion By CBEC

No Change In CENVAT Rules For Textile Goods