Apparel and Textile News Trade Info News

Indian Economy GDP Expects to Grow by 7.2 %

After effects of Demonetisation and goods and services tax (GST), the Indian economy is screened to grow at its fastest pace in three years in the current fiscal 2018-19. The government said that India will retain its position as the world’s fastest growing economy. Gross domestic product (GDP) is expected to grow by 7.2 per […]

appareltalk
January 16, 2019
6 Comments
134 Views

Apparel and Textile News Ministry of Textiles News

SRTEPC appreciates Composition Scheme Limit and Exemption Threshold

The Goods and Services Tax (GST) Council has recently decided to raise Composition Scheme Limit and Exemption Threshold to benefit small and medium enterprises (SMEs), The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) said. The exemption threshold has been doubled for people living in the hilly states and those in the North East region […]

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January 13, 2019
2 Comments
193 Views

GST Council undertakes Kashmiri Handicrafts issue

Apparel and Textile News Ministry of Textiles News

GST Council undertakes Kashmir Handicrafts issue

In the recent seminar on Kashmiri art and craft, development commissioner, Shantmanu said, “The ministry of textiles is going to take up the Kashmiri issue of reducing the tax rate under the goods and services tax (GST) with the GST Council. The seminar was organised by the Kashmir Chamber of Commerce and Industry recently. Local […]

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December 27, 2018
53 Comments
163 Views

Apparel and Textile News Trade Info News

Central Government grants relief to Indian Exporters

In a meeting with Textile associations, Union Finance Minister, Piyush Goyal in the presence of Union Textile Minister, Smriti Irani has made an announcement that the government will clear all the pending claims under Goods and Services Tax (GST) and Integrated Goods and Services Tax (IGST) by the end of this month. The central government […]

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June 9, 2018
22 Comments
181 Views

Apparel and Textile News Global News

AEPC urges govt to reverse stagnation in Exports

The apparel exports in India are declining since October due to the fall in the global apparel industry. Due to the release of rebate of state levies (RoSL) and Goods and Services Tax (GST), it has highly effected the sentiments of many people, HKL Magu, chairman, Apparel Export Promotion Council (AEPC) said after seeing a […]

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May 17, 2018
1 Comment
130 Views

Apparel and Textile News Apparel Brands and Companies

ABFRL records five-fold rise in Q4 2018

India fashion retailer, Aditya Birla Fashion and Retail Ltd. (ABFRL) has declared its financial results which is more than five-fold rise in net profit to Rs. 113.12 crores for the fourth quarter ended in March 2018 as against Rs. 21.83 crore previous year. A deferred tax gain of Rs. 68.82 crores reportedly helped the company […]

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May 15, 2018
5 Comments
200 Views

Apparel and Textile News Trade Info News

GST council changed 18 % to 12 % rate for MMF yarn

The GST Council at its 22nd meeting in New Delhi has decided to reduce the Goods and Services Tax (GST) rate on man-made yarn from 18 per cent to 12 per cent. The GST on job work of zari (embroidery) has also been dropped from 12 per cent to 5 per cent, finance minister Arun […]

appareltalk
October 7, 2017
3 Comments
182 Views

Apparel and Textile News Trade Info News

Protests against GST cancelled by Traders and Weavers

The textile traders and powerloom weavers wiped out all their challenge programs identified with the Goods and Service Tax (GST) on Tuesday following the killings of blameless pilgrims from south Gujarat and Maharashtra in the Monday night’s fear assault in Anantnag. The Textile GST Sangharsh Samiti (TGSS) and the Textile Yuva Brigade (TYB) had mutually […]

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July 12, 2017
35 Comments
168 Views

Apparel and Textile News Trade Info News

Textiles business hit by GST dissents

The Indian textiles business has arrived at a virtual stop in many parts of the nation, following dissents and strikes by little producers and merchants over different parts of the recently-presented Goods and Services Tax (GST) that are hinting at no lessening. From Surat to Erode and from Amritsar to Ichalakaranji, the dissents have been […]

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July 10, 2017
3 Comments
209 Views

Events and Exhibitions News Apparel and Textile News

Two Major Garment Fairs begin in Kolkata

Two major garment fairs ‘Buyers and Sellers Meet’ began in Kolkata today in the backdrop of the recently implemented goods and services tax (GST), country’s most comprehensive indirect tax reform. The events this year were significant because of the new tax regime. While one such meet was organized by West Bengal Garment Manufacturers & Dealers […]

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July 4, 2017
1 Comment
184 Views

Apparel and Textile News Trade Info 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 […]

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June 21, 2017
1 Comment
258 Views

Apparel and Textile News Trade Info News

GST software ‘ADHIGAM’ launched by CMAI

The Clothing Manufacturers Association of India (CMAI) has launched software ‘ADHIGAM’ for textile and garment manufactures, traders and retailers to send them information about Goods and Services Tax (GST) compliance. The software automatically sends reminders to a vendor or a supplier, who has not paid tax at any stage in textile value chain. “A manufacturer […]

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June 19, 2017
1 Comment
205 Views

South Indian Cotton Yarn Market Remains Steady Ahead

Bangladesh Fabric And Yarn Imports Decline 3.20% In

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Tag: Goods and Services Tax

Indian Economy GDP Expects to Grow by 7.2 %

SRTEPC appreciates Composition Scheme Limit and Exemption Threshold

GST Council undertakes Kashmir Handicrafts issue

Central Government grants relief to Indian Exporters

AEPC urges govt to reverse stagnation in Exports

ABFRL records five-fold rise in Q4 2018

GST council changed 18 % to 12 % rate for MMF yarn

Protests against GST cancelled by Traders and Weavers

Textiles business hit by GST dissents

Two Major Garment Fairs begin in Kolkata

Neutral GST rates for most textile segments

GST software ‘ADHIGAM’ launched by CMAI