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GST: FAQs for textile industry
Raw jute has been kept at NIL rate of GST i.e. there would be no tax on raw jute. Jute mills are not required to pay tax under Reverse Charge Mechanism (RCM) as mentioned under section 9(4) of the CGST Act, 2017.
Vijay Textiles’ revenue rise 66% in Q1FY18
The net profit of Vijay Textiles jumped 245 per cent to Rs 1.72 crore in the first quarter of fiscal 2018 as against Rs 0.49 crore in the first quarter of fiscal 2017.
ContiTech opens new plant for coated fabrics
It is the first international production site for elastomer coatings outside Germany. The opening of ContiTech’s new facility for coated fabrics marks a special milestone in the companies’ history in China
Monforts Eco Applicator gains wider acceptance
Monforts Eco Applicator has been highly successful since its introduction, both integrated into new finishing lines or retro-fitted to existing ones. One thing that is certain, is that energy prices are only going to continue to increase.
Intertextile Shanghai to see over 4500 exhibitors
Over 4,500 exhibitors from nearly 30 countries will gather under one roof at October’s Intertextile Shanghai Apparel Fabrics, the China’s international trade fair for apparel fabrics, during October 11-13, 2017.
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