GST Archives - Page 3 of 6

Apparel and Textile News Ministry of Textiles News

GST a “Great step towards Transparency” – Irani

Textiles and Information & Broadcasting minister Smriti Zubin Irani has warned that no one can harass a person who wants to come into formal economy through GST Addressing a seminar on ‘GST – a Tool for Inclusive Growth’ organised in Ahmedabad. She said past transactions are not to be checked under this system. “There will […]

appareltalk
July 24, 2017
1 Comment
350 Views

Apparel and Textile News Trade Info News

Strike called off by Surat Textile Traders

Textile traders and merchants in Surat who were on strike since the last two weeks protesting against the new tax structure have called off their movement following the centre’s assurance to look into their demand for its roll back. This followed with their meeting with the Finance Minister in Delhi yesterday. Manoj Agrawal, a textile trader […]

appareltalk
July 19, 2017
3 Comments
504 Views

Apparel and Textile News Events and Exhibitions News

Kolkata Fairs end today with a note of Brisk Business

Brisk Business transactions have been recorded and several deals are on the making in the two major Garment Fairs ended in Kolkata today. Organised by West Bengal Garment Manufacturers & Dealers Association, 44th Garment Buyers & Sellers meet was held at Hotel Peerless Inn. Eastern India Garment Manufacturers & Exporters Federation hosted 24th EIGMEF Garment Fair at […]

appareltalk
July 6, 2017
5 Comments
404 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 […]

appareltalk
July 4, 2017
1 Comment
506 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 […]

appareltalk
June 21, 2017
1 Comment
424 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 […]

appareltalk
June 19, 2017
1 Comment
396 Views

Apparel and Textile News Trade Info News

Lower GST for apparel job work demanded

Even as the GST for job working units in textiles has been cut from the proposed 18 per cent to 5 per cent , apparel, a major segment in the textile value chain, has been left out of the reduction. Garment exporters in Tirupur are now urging the government to levy only 5 per cent […]

appareltalk
June 15, 2017
10 Comments
363 Views

Apparel and Textile News Retail News

Retailer slash Prices to get rid of stocks ahead of GST

Several bricks-and-mortar retailers are slashing prices to liquidate merchandise, advancing their usual end of season sales by a month before the GST is rolled out from July 1. While sportswear brand Puma is offering an extra 10 per cent off on the flat 40 per cent discount at stores, Allen Solly has a buy one-get-one […]

appareltalk
June 15, 2017
5 Comments
352 Views

Apparel and Textile News Trade Info News

Uniform GST in entire textile value chain demanded

‘Vyapari Sangarsh Samiti’ (VSS), the trading community in Surat, the country’s biggest man-made fabric (MMF) wholesale market, has appealed to the traders to abstain from purchasing fresh stock grey fabrics to oppose the central government’s failure in providing relief under GST to them, despite reduction of this rates on textile job work from 18 percent […]

appareltalk
June 14, 2017
3 Comments
337 Views

Apparel and Textile News Retail News

New distribution centres by Future Retail

Future Retail is planning to open new distribution centres in the country to ensure products reach stores fast, saving on costs as the Goods and Services Tax gets implemented from July 1, 2017. The company sees GST as an opportunity for retail sector to cut costs using efficient routes, thereby leading to price reduction and […]

appareltalk
June 14, 2017
21 Comments
337 Views

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Jain Thanks FM for a Balanced GST

Managing director TT LTD., Sanjay K Jain has thanked finance minister Arun Jaitley and Textile minister Smriti Irani for keeping the cotton value chain and garments (<1000) under 5 per cent GST slab which will ensure that there is no inflation for the common man due to the proposed tax. Describing the GST as a […]

appareltalk
June 12, 2017
31 Comments
319 Views

Apparel and Textile News Trade Info News

Textile committee hails One Nation One Tax Policy

Chairman of the Tax committee, Khaga, Sajjan Raj Mehta has thanked the finance minister and the textile minister for the step for bringing in one tax throughout the country in the form of GST which will help reduce the multiple tax burden on the common man. In a letter to Prime Minister Narendra Modi, Mehta […]

appareltalk
June 12, 2017
1 Comment
526 Views

IPDS Boosts Green Textile Infrastructure In India

Green Textiles Gain Momentum With Credit Score And

MSME Competitiveness Boosted By Government Initiatives

MSME Ministry Hosts First National Workshop On ODR

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IPDS Boosts Green Textile Infrastructure In India

Green Textiles Gain Momentum With Credit Score And Green Fund

MSME Competitiveness Boosted By Government Initiatives

MSME Ministry Hosts First National Workshop On ODR Portal

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Tag: GST

GST a “Great step towards Transparency” – Irani

Strike called off by Surat Textile Traders

Kolkata Fairs end today with a note of Brisk Business

Two Major Garment Fairs begin in Kolkata

Neutral GST rates for most textile segments

GST software ‘ADHIGAM’ launched by CMAI

Lower GST for apparel job work demanded

Retailer slash Prices to get rid of stocks ahead of GST

Uniform GST in entire textile value chain demanded

New distribution centres by Future Retail

Jain Thanks FM for a Balanced GST

Textile committee hails One Nation One Tax Policy