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
424 Views

Apparel and Textile News Trade Info News

Post GST, erosion of competitiveness by 9 % : Anil Buchasia

AEPC’s EP-Chairman Anil Buchasia on Tuesday said, “Post GST, there is an erosion of competitiveness by around 9 per cent for garment exports. Although we have a GST refund now, there was no vat (value added tax) on our materials earlier.” Apparel exporters are losing competitiveness by around nine per cent in export markets after […]

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November 22, 2017
3 Comments
484 Views

Export Prospects of the Apparel Sector were drastically affected : AEPC

Apparel and Textile News Trade Info News

Export Prospects of the Apparel Sector has been drastically affected : AEPC

As compared to the last year in October, apparel exports decline by 40 per cent and the Apparel Export Promotion Council (AEPC) has shown concern and started engaging with different policymakers to resolve the issue that is hampering the apparel industry after the new tax regime system implementation. They have already made several presentations to […]

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November 18, 2017
1 Comment
381 Views

Apparel and Textile News Trade Info News

Textile Traders discontented with GST Implementation in Gujarat

After the announcement by government to reduce the GST rate on yarns from 18 per cent to 12 per cent and increase in basic customs duty on polyester fabric imports from 10 per cent to 20 per cent, textile traders in Gujarat still not content with the GST implementation. Relief in the filing of GST […]

appareltalk
November 2, 2017
3 Comments
385 Views

Apparel and Textile News Trade Info News

Memorandum to boost economy & employment by SIGA

The South India Garment Association (SIGA) in a letter to the prime minister of India regarding the new tax regime has asked to reduce GST rate in order to boost employment which will take country’s economy to the next level. With high hopes and positive note Trade & Industry welcomed the Goods & Service Tax […]

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October 26, 2017
1 Comment
413 Views

Apparel and Textile News Trade Info News

Promoting GST and Digital Payments at District level

Maharashtra government has decided at a meeting in Mumbai to form district-level committees comprising senior officials and representatives of the Confederation of All India Traders (CAIT) to monitor acceptance and adoption of goods and services tax (GST) and digital payments among traders and render assistance to resolve related issues. The meeting between senior government officials […]

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October 10, 2017
4 Comments
369 Views

Apparel and Textile News Retail News

12% sales growth targeted by Shoppers Stop

Popular retailer Shoppers Stop Ltd. is looking at 12 per cent sales growth in 2017-18 and focusing on improving the profitability, company sources said. “For the entire year, we are looking at 12 per cent overall sales growth and the profitability growth should be double of the sales growth bottomline of which should be 25 […]

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August 23, 2017
1 Comment
477 Views

Apparel and Textile News Ministry of Textiles News

1,399 Textile mills operational, 682 closed

Textiles minister Smriti Irani has informed the lower house of parliament recently that 682 textile mills closed as on June end this year, 232 were in Tamil Nadu, 85 in Maharashtra, 60 in Uttar Pradesh and 42 in Haryana. Among the 1,399 operational textile mills, 752 were in Tamil Nadu, followed by 135 in Maharashtra […]

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August 11, 2017
20 Comments
408 Views

Apparel and Textile News Trade Info News

Switching over to new tax system by Amritsar Textile traders

After holding protests for long against the imposition of the GST on unstitched clothes, a large number of textile traders in Amritsar, once known as Manchester of India, have started approaching the District Excise and Taxation Office to get them registered. Over 90 per cent of the VAT dealers have switched over to the new […]

appareltalk
August 4, 2017
2 Comments
407 Views

Apparel and Textile News Ministry of Textiles News Trade Info News

RoSL to provide relief to Garment Exporters

Textile Ministry has announced transitional rates for Remission of State Levies (RoSL) of garments & made-ups, exporters of garment & made- up will get ample relieve and support as under such arrangements for the period 1st July 2017 to 30th September 2017, the exporter may claim RoSL at the rates prior to introduction of GST. […]

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August 2, 2017
6 Comments
358 Views

Apparel and Textile News Trade Info News

Confusion over Tax bracket at Khadi items

Although GST has been imposed on only some of the commodities at Khadi Gran Udyog they have on offer, the two outlets in the state are yet to receive an official directive regarding tax rates. Their account books, in the meanwhile, indicate a significant dip in sales as the government employees manning the shops are […]

appareltalk
August 2, 2017
2 Comments
401 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 […]

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August 1, 2017
1 Comment
462 Views

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Tag: GST

Textile Traders of Surat urges Council for easy GST procedures

Post GST, erosion of competitiveness by 9 % : Anil Buchasia

Export Prospects of the Apparel Sector has been drastically affected : AEPC

Textile Traders discontented with GST Implementation in Gujarat

Memorandum to boost economy & employment by SIGA

Promoting GST and Digital Payments at District level

12% sales growth targeted by Shoppers Stop

1,399 Textile mills operational, 682 closed

Switching over to new tax system by Amritsar Textile traders

RoSL to provide relief to Garment Exporters

Confusion over Tax bracket at Khadi items

Designer sarees to attract 5 % GST