The apparel industry has raised serious concerns over the proposed Goods and Services Tax (GST) rate hike recommended by the Group of Ministers (GoM) on rate rationalisation. According to the proposal, garments priced between ?1,500 and ?10,000 would be taxed at 18%, while those priced above ?10,000 would fall under the 28% GST slab. Garments priced up to ?1,500 would continue to attract a 5% GST.
Industry stakeholders have strongly opposed the proposed hike, warning of its detrimental effects on consumer demand, employment, and the industry’s value chain. They argue that...
extile industry body Confederation of Indian Textile Industry on raised concerns over the proposed upward revision of goods and services tax levy on ready-made garments, warning of potential far-reaching impact on the industry, employment, and t...
read more...The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance. As a key ...
read more...The 10th Mission Steering Group under the chairmanship of Union Minister of Textiles has approved 12 research projects of value INR 13.3 Cr. under the National Technical Textiles Mission. The research projects were approved across key strategic ...
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