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 Apparel Brands and Companies

Govt. plans to make GST Return Forms More Accessible

In India, the Government has planned to make new accessible Goods and Services Tax (GST) return forms to be launched from April 1. This initiative is taken to ease the filling process by the GST Council for the tax-payers. Ajay Bhushan Pandey, newly appointed as the Revenue Secretary also the CEO of UIDAI said “The […]

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December 12, 2018
1 Comment
22.58K Views

E-wallet to solve delay in Exporters' GST Refund

Apparel and Textile News Trade Info News

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 […]

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March 23, 2018
8 Comments
148 Views

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
205 Views

Apparel and Textile News Trade Info News

Decline in Indian Apparel Exports by 40.75%

The Indian apparel exports decline by 40.75 per cent in October 2017 to Rs 5,398.08 crore as compared to exports of Rs 9,110.75 crore in same month last year. This includes garments of all textiles estimated by India’s foreign trade during the month, released by the ministry of commerce and industry. The Exports of man-made […]

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November 15, 2017
7 Comments
182 Views

Apparel and Textile News Trade Info News

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
8 Comments
162 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
221 Views

Apparel and Textile News Ministry of Textiles News

Textiles Sector issue to be covered in 23rd GST Meeting: Irani

Smriti Irani, Indian textiles minister recently said that the problems faced by the Indian textiles sector over the GST would be discussed at the ongoing 23rd meeting of the GST council in Guwahati. The textiles sector generates as the most employment in the country after agriculture, the center is fully aware of its importance and […]

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November 10, 2017
3 Comments
139 Views

Apparel and Textile News Trade Info News

Zippers Association requests to lower the tax rate to 12 %

Zippers association of India has requested the Chairman of GST Council to lower the tax slab on zippers to 12 per cent from the existing rate of 18 per cent and Include Zipper as a part of Textile Industry. The demand have been made in the light of problems being faced by the already sick […]

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November 7, 2017
2 Comments
147 Views

Apparel and Textile News Trade Info News

Increase in Basic Custom Duty would reduce Imports: SIMA

Increasing the basic Customs duty on imported polyester fabrics from 10 per cent to 20 per cent, The Southern India Mills Association (SIMA) today thanked the Union finance and textile ministers and GST council for the announcement. SIMA chairman P Natarajan said, “Since man-made fibre price in India cost 20 to 30 per cent more […]

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October 30, 2017
3 Comments
180 Views

Apparel and Textile News Trade Info News

Trader’s Demand for single GST declined by Council

The revised GST rates on yarn has made the power loom weavers and textile traders in Gujarat expressed their unhappiness over the decisions in the recent meeting of GST though many textile associations are satisfied with the decision as most of their issues are resolved, minister of state for road transport and highways, shipping, chemical […]

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October 18, 2017
8 Comments
187 Views

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Tag: GST Council

SRTEPC appreciates Composition Scheme Limit and Exemption Threshold

GST Council undertakes Kashmir Handicrafts issue

Govt. plans to make GST Return Forms More Accessible

E-wallet to solve delaye in Exporters’ GST Refund

Textile Traders of Surat urges Council for easy GST procedures

Decline in Indian Apparel Exports by 40.75%

CITI welcomes new GST Rates and Policy by The Council

Uniform Tax Rate for Manufacturers and Traders by GST Council

Textiles Sector issue to be covered in 23rd GST Meeting: Irani

Zippers Association requests to lower the tax rate to 12 %

Increase in Basic Custom Duty would reduce Imports: SIMA

Trader’s Demand for single GST declined by Council