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 […]

appareltalk
October 9, 2017
2 Comments
444 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
408 Views

Apparel and Textile News Trade Info News

AEPC urges to address embedded Taxes on Exports

The Apparel Export Promotion Council (AEPC) has urged the Indian government to address the refund of embedded taxes on exports, ahead of the GST Council’s meeting on October 6. These taxes used in textiles include the levies on cotton, electricity, and input tax credit restrictions for man-made fibres which is purchased from unregistered dealers. Before […]

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October 5, 2017
1 Comment
514 Views

Apparel and Textile News Trade Info News

Duty Drawbacks on Textile Exports lacks Clarity

The textile industry are unable to book orders due to lack of clarity on the duty drawback rate and Rebate of State Levies (ROSL) on export of garments and made up textile articles, and this could impact India’s textile exports, said P Nataraj, Chairman, the Southern India Mills Association (SIMA). For the textile industry second […]

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September 15, 2017
2 Comments
575 Views

Apparel and Textile News Trade Info News

Lowering of GST rate on job work welcomed

The GST Council’s move to slash the rate on job work like weaving, cutting, knitting and embroidery to 5 per cent from 18 per cent is today welcomed by the Confederation of Indian Textile Industry (CITI). This rate will be applicable for job works in apparel, shawls and carpets. CITI vice chairman Sanjay K Jain […]

appareltalk
August 8, 2017
2 Comments
428 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
397 Views

Apparel and Textile News Trade Info News

New textile policy to boost growth in TN

To meet the demands and suggestions from textile industry representatives to boost growth, Tamil Nadu Government would soon frame a new textile policy, the state handlooms and textile minister OS Manian has said. The issue will be taken up with chief minister Edappadi K Palaniswami soon, Manian said. State’s Finance Minister D Jayakumar would raise […]

appareltalk
August 4, 2017
3 Comments
364 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

SIMA Seeks PM’s Help For Job Work Issues

The GST Council’s decision of considering any rate revision only after three months would paralyse the decentralized garment/madeup segments that predominantly function with the jobwork, The Southern India Mills’ Association (SIMA) said. “Garment/madeup sector, the largest employment provider in the entire textile value chain was hoping that the GST Council would include jobwork relating to […]

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June 20, 2017
1 Comment
394 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 […]

appareltalk
June 19, 2017
2 Comments
339 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
441 Views

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Tag: GST Council

Revised GST rates appreciated by the Textile Industry

AEPC welcomes new GST rates by the Council

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

AEPC urges to address embedded Taxes on Exports

Duty Drawbacks on Textile Exports lacks Clarity

Lowering of GST rate on job work welcomed

Goods movement to get smoother under GST Regime

New textile policy to boost growth in TN

Tax rate on garment job works may lower to 5pc

SIMA Seeks PM’s Help For Job Work Issues

Filing deadline on GST relaxed for first 2 months

GST software ‘ADHIGAM’ launched by CMAI