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Entire textile chain under tax net now
The Goods and Service Tax (GST) has helped both Centre as well as States to gather data on small manufacturers and consumption, and the entire textile chain is now brought under tax net and segment of land and real estate transactions has also been brought into tax net “works contracts”, Finance Ministry said.
Textile traders on 3-day bandh over GST
The textile trading community has decided to call for a major shutdown of business, to oppose the imposition of goods and services tax (GST) from July 1.
CMAI-TCS software on GST
The Clothing Manufacturers Association of India (CMAI)—in association with Tata Consultancy Services (TCS)—has developed a software for garment manufacturers to alert them about GST (Goods and Services Tax) compliance.
GST shift to hit capital cycle of biz
The transition to GST will disrupt the working capital cycle of businesses in the initial phase and thus easy
liquidity in the system is essential for two to four months, says India Ratings and Research (Ind-Ra).
Uniform GST rate for textile industry?
The textile industry is expected to have a uniform GST rate, says Union Textile Minister Smriti Irani. She disclosed during a recent conference and assured there would be neutrality in the rate.
Traders to enrol on GST portal
Traders in Maharashtra will need to enrol on the Goods and Services Tax common portal from November 16 to 30. Traders need to log in with their current ID and password on the GST portal.
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