Goods and Services Tax Archives - Page 2 of 2

80% online sale after GST rates announced

As small-time traders stitch together the probable impact that the Goods and Services Tax (GST) could bring to their respective businesses, a coterie of sellers dealing with fashion and lifestyle products are putting up the remainder of their stock online at absurdly low price points. Apparels and furniture are being offered for sale on e-commerce […]

appareltalk
June 9, 2017
1 Comment
363 Views

Apparel and Textile News Trade Info News

Inverted duty structure for MMF under GST

Man-made fiber and synthetic yarn would have inverted duty structure problem as they would be levied Goods and Services Tax (GST) at 18 per cent, while man-made and synthetic fabric would attract only 5 per cent GST rate. Keeping the rates of key inputs at a higher level will affect the competitiveness of small and […]

appareltalk
June 5, 2017
1 Comment
418 Views

Apparel and Textile News Trade Info News

AEPC, Texprocil & TEA Seek continuation of ROSL Scheme

The Apparel Export Promotion Council (AEPC), the official body of apparel exporters in India, has sought continuation of the ‘Rebate of State Levies (ROSL) on Export of Garments’ scheme in its current form under the Goods and Services Tax (GST) regime. The GST Council will decide on tax rates for the textile and garment sector […]

appareltalk
June 1, 2017
3 Comments
371 Views

Apparel and Textile News Trade Info News

RS Clears GST Statute Bill

With the Rajya Sabha yesterday voting to approve the constitutional amendment that will help usher in the Goods and Services Tax (GST), the country took a big step towards a comprehensive tax change and single biggest reform initiative. The government estimates that GST will radically transform the $2 trillion economy and help boost GDP by […]

appareltalk
August 4, 2016
4 Comments
329 Views

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Tag: Goods and Services Tax

80% online sale after GST rates announced

Inverted duty structure for MMF under GST

AEPC, Texprocil & TEA Seek continuation of ROSL Scheme

RS Clears GST Statute Bill