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Textile traders in Gujarat (India) threaten strike against GST

Angry over the Indian Government’s decision to levy Goods and Service Tax (GST) on fabrics, textile traders in Gujarat have threatened to go on strike either from June 24 or July 1, if their demands are not met. Around half a dozen trade bodies that took part in a meeting held on Thursday in Ahmedabad, are of the view to keep fabric out of GST regime and have decided not to get registered on the […]

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Indian Textiles Ministry reviews industry’s preparation for GST

India’s Textiles Minister Smriti Irani chaired a high-level workshop in New Delhi to review the industry’s readiness for GST, set to be rolled out from July 1. Around 160 officials from Government, public sector units and more than 10 export promotion councils falling under the Textiles Ministry’s purview attended GST training workshop organized by the Ministry of Textiles, to sensitise officials, EPCs & PSUs on benefits of the new tax system for textiles industry. “The […]

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CII to conduct over 100 workshops on GST

The Confederation of Indian Industries (CII) has decided to conduct more than 100 workshops across the country to enable enterprises to comply with the new regulations in view of roll out of GST from July 1. With less than two weeks left for GST introduction, CII has taken up a range of initiatives to encourage industry to be proactive in managing GST compliance. The Confederation has launched a series of around 100 two-day Training Programmes […]

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Amazon to open temporary stores in India

E-commerce giant Amazon has decided to set up 12 temporary physical stores in tech parks in Bengaluru, NCR and Mumbai (India) to promote its upcoming fashion sale event scheduled to start this weekend. Online and offline retailers are in hurry to clear their existing inventory before GST kicks in on July 1 as old stocks are already taxed on the basis of sales tax and VAT. “We have tied up with the biggest tech parks […]

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GST won’t affect textile industry: ICRA

Textile industry is likely to remain unaffected post GST implementation compared to the current tax regime. This has been stated in a report by ICRA, which believes that the impact of GST will be neutral to positive across segments. ICRA feels that GST rates announced for textile categories like MMF, blended textiles are more or less in line with the existing tax rates. Wool or silk-based textiles, which will be taxed at a lower rate […]

June 21, 2017

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Amazon, ClearTax to make sellers GST-ready

A partnership has been inked between e-commerce giant Amazon.in and ClearTax, India’s largest tax filing platform. This has been done with an aim to enable sellers on its platform be GST compliant. ClearTax Biz and Cleartax Biz+, two software launched by ClearTax, will be available for free for the first two months for the sellers after they sign up to use the product. The software will be subsequently provided at a preferential price with 30 […]

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GST revision after 3 months, blow to industry: SIMA

M. Senthilkumar, Chairman, Southern India Mills’ Association (SIMA) has urged Prime Minister Narendra Modi and Finance Minister Arun Jaitley to consider including garment and made-ups segments related job work under 5 per cent slab and also reduce the GST rate on manmade fibre and its blended yarn from 18 per cent to 12 per cent at the next GST Council meeting scheduled on June 30. Garment/made-ups sector, the largest employment provider in the entire textile […]

June 20, 2017

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18% GST on MMF, yarn to dent fabric manufacturing: CITI

J. Thulasidharan, Chairman Confederation of Indian Textile Industry (CITI) has requested Union Finance Minister Arun Jaitley to address the issue of 18 per cent GST slab on MMF and synthetic yarn on urgent basis as this would affect the MMF textile segment prospects in the country in a big way. He explained that this will come as big blow to small fabric manufacturers in powerloom, knit and processing segments and prevent seamless flow of input […]

June 20, 2017

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Apparel traders protest against GST in Uttarakhand (India)

Hundreds of cloth merchants in Indian state of Uttarakhand held protest against the Goods and Services Tax (GST), which is scheduled to be rolled out from July 1. Protesting traders held demonstration in the capital city of Dehradun on Saturday. The 5 per cent GST imposed on clothes has made traders apprehensive as it would severely hit handloom and powerloom (industry), artisans and shopkeepers. “Food, clothing and shelter are basic necessities of life and ideally, […]

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FIEO demands uniform GST for textile & leather industry

In view of contributions made by textiles and leather industry in development of states, Federation of Indian Exports Organization (FIEO) has sought ‘uniform’ GST for these sectors. “Export sector contributes immensely for the development of states, especially by creating huge employment opportunities. Hence, there is a need to take care of the apprehension of exporters,” said A Sakthivel, Regional Chairman, FIEO (Southern Region), who added that textile and leather sectors have been pivotal in providing […]

June 20, 2017

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SIMA hopes for reduction in GST rate on MMF

Southern India Mills’ Association (SIMA) is hoping that GST Council, at its meeting to be held on June 18, would consider to reduce the tax rate on manmade fibres (MMF), filaments and yarns from 18 per cent to 12 per cent and also include garments, made-ups and other sewn product related to job work under 5 per cent GST rate of service tax. “There will be huge accumulation of excess credit with 18 per cent […]

June 19, 2017

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Software to send alerts on GST non-compliance is here!

The Clothing Manufacturers Association of India (CMAI) in partnership with Tata Consultancy Services (TCS), an Indian multinational information technology service, consulting and business solutions company, has developed a software for apparel manufacturers to alert them about Goods and Services Tax (GST) compliance. Priced at Rs. 18,000 for the initial six months, the software highlights the stage of non-compliance of GST. It automatically sends reminders to a vendor or a supplier who has not paid a tax […]

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Textile traders go on strike against GST

A day-long shutdown was observed in Indian cities of Vijaywada and Surat against the Goods and Services Tax (GST) levied by the Central Government on textile business.  Wholesale and retail traders in Vijaywada downed their shutters on Thursday and observed bandh, while traders in Surat observed shut-down to press for their demand for exemption from the GST. Andhra Pradesh Textile Federation (APTF) called for the bandh on June 15 seeking immediate withdrawal of GST on […]

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TEA urges GST Council to cut tax rate on apparel job work

After the reduction of GST rate for textile job work from 18 per cent to 5 per cent, Tirupur Exporters’ Association (TEA) thanked the GST Council for their timely intervention and also urged to include the job work on apparels within the ambit of this rate reduction, because not including the excluded section will have adverse effects on several micro industries in textile clusters like Tirupur, Ludhiana and other regions. Raja M Shanmugham, President, TEA […]

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CITI urges Govt. to bring made-ups job work under 5% GST slab

Confederation of Indian Textile Industry (CITI) has urged the Government to bring made-ups job work under 5 per cent GST slab. However, CITI Chairman, J. Thulasidharan expressed gratitude towards the Government for reducing service tax on job work and bringing relief to the textile industry from the extra burden as majority of the work of textile manufacturing is with SMEs. Thulasidharan explained that this would now help SMEs of power loom, knitting and processing sectors […]

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