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Tag: GST

80% online sale after GST rates announced
Apparel and Textile News Retail News

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 […]

BJP Leader Visits Apparel Lifestyle Stall
Apparel and Textile News Apparel Brands and Companies Events and Exhibitions News

BJP Leader Visits Apparel Lifestyle Stall

Amidst an utter confusion over the incoming GST regime, ‘Garment show of India’ began at Pragati Maiden, in New Delhi yesterday where around 60 stalls of different garment brands displayed their products to woo buyers. Number of participants in the three–day fair this time was less compared to the last year’s figures. Turnout of the […]

TEA hails GST rate for Garments at 5%
Apparel and Textile News Trade Info News

TEA hails GST rate for Garments at 5%

TEA President Raja M Shanmugham, has thanked the finance minister Arun Jaitley for considering the requisition and helping to fix GST rate at 5 per cent for garments including cotton, cotton yarn and fabrics. He said this would help the predominentary cotton based textile industry to grow and also increase exports. M Shanmugham also thanked […]

GST to lead expansion of Tax Base
Apparel and Textile News

GST to lead expansion of Tax Base

The extension of the GST to both fabrics and apparel is expected to lead to a very substantial expansion of the tax base. Assuming even a modest compliance in the sector, a 5 per cent GST would generate revenues to the tune of Rs. 11,000 crore, a three-fold increase over current revenues from the sector,according […]

Higher GST will cost Surti Sari more
Apparel and Textile News Trade Info News

Higher GST will cost Surti Sari more

Indian man-made fabric (MMF) manufactured in Surat, which made saris and dress material is targeting mainly the poor and lower middle class consumers supplied its products throughout the country. If the central government implements 12 percent GST on fabrics made of MMF and 18 percent on branded textiles, the cheapest sari sold at Rs 200 […]

Strong Rupee To Hit Textile
Apparel and Textile News Trade Info News

Strong Rupee To Hit Textile

Earnings and Ebitda margins of textile and apparel exporters will be hit in the near term following rupee’s appreciation against the dollar in 2017 and weak apparel import from additional markets like the US and the UK, India Rating and Research has said. A stronger rupee is likely to have an adverse impact on export […]

Indian Technical Textiles to be Top Priority under New Policy
Apparel and Textile News Ministry of Textiles News

Indian Technical Textiles to be Top Priority under New Policy

Technical textiles will be given top priority under the impending national textiles policy as this sector has a huge potential for growth in India. There’s an opportunity for the Indian khadi to be processed with ayurvedic drugs to offer wellness garments, which are popular in western countries, Smriti Irani, textiles minister said. “There’s a need […]

EPCH appeals FM to exempt Handicrafts from GST
Apparel and Textile News Trade Info News

EPCH appeals FM to exempt Handicrafts from GST

The Export Promotion Council for Handicrafts (EPCH) has sent a delegation of the manufacturers, exporters and industry associations from all over India to Arun Jaitley, minister of finance, highlighting the concerns of the handicrafts sector in the forthcoming GST regime and requesting handicrafts sector to be exempted from the GST. “GST regime may be tough […]

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