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Demand for lower GST rates on MMF & Yarn

The Confederation of Indian Textile Industry (CITI) has urged the finance minister Arun Jaitely for reducing GST rates on man-made fibres (MMF) and yarns from 18 per cent to 12 per cent otherwise this would affect the MMF textile segment prospects in the country in a big way. This will come as big blow to […]

appareltalk
June 20, 2017
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Apparel and Textile News Trade Info News

Inverted duty structure for MMF under GST

Man-made fiber and synthetic yarn would have inverted duty structure problem as they would be levied Goods and Services Tax (GST) at 18 per cent, while man-made and synthetic fabric would attract only 5 per cent GST rate. Keeping the rates of key inputs at a higher level will affect the competitiveness of small and […]

appareltalk
June 5, 2017
1 Comment
174 Views

Apparel and Textile News Trade Info News

Cotton Conference By ICF In Coimbatore

The Indian Cotton Federation ( ICF ) is organizing a conference on “Indian Cotton Scenario in the Current Context 2016-2017” at Coimbatore on August 19 as the cotton sector needs a comprehensive study on challenges, requirements and scope to increase production. About 400 people, including cotton ginners, traders, textile industry representatives, and brokers are expected […]

appareltalk
August 17, 2016
1 Comment
148 Views

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Demand for lower GST rates on MMF & Yarn

Inverted duty structure for MMF under GST

Cotton Conference By ICF In Coimbatore