Gst On Textiles

Earlier in the year, the Central Board of Indirect Taxes and Customs had announced that the GST rate on garments, textiles, and footwear would be raised from five per cent to 12 per cent with effect from January 1, 2022.

Several markets dealing with garment business in Delhi remained shut on Thursday in protest against the central government's proposed move to hike GST rates on textile from existing 5 per cent to 12 per cent from January 1.

BJP chief Amit Shah, who has set a target of 150 out of 182 assembly seats for the party in the December elections, will visit Surat in south Gujarat next week. Four days before that, Congress vice-president Rahul Gandhi will visit the important textile and diamond hub and Prime Minister Narendra Modi is expected to visit soon too.

The two-month countdown to the Gujarat election is obvious now. After the GST Council meet yesterday, Finance Minister Arun Jaitley singled out "khakra" (Gujarati savoury snack) and announced the GST on it has been reduced from 12 percent to 5 percent. Man-made yarn will also see lower GST now, helping textile manufacturers in Gujarat, where Prime ...

The Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, also finalised the e-way bill that mandates pre-registration of all goods worth over Rs 50,000 before they are moved for sale beyond 10 km.

Certain textile traders have been protesting against the 5 per cent tax rate on fabric under GST. They want the tax rate to be zero.

The traders in Surat have called off their two-week-long strike against the imposition of five per cent GST on textiles following the Centre's assurance to look into their demand for its rollback.

Braving heavy rains, textile traders from Gujrat and several other states came out on the streets of Ahmedabad and Surat today to protest against the Goods and Services Tax or GST on textile products.

Cloth merchants observed state-wide bandh today in Rajasthan to protest against imposition of 5 per cent sales tax on textiles under the upcoming GST regime.

According to Chairman of the Confederation of Indian Textile Industry (CITI) J Thulasidharan, reduction of service tax on job work would bring relief to the textile industry from the extra burden as bulk of the work is with SMEs and carried on through job works.

The GST or Goods and Services Tax Council met on Sunday to review demands raised by 133 industries seeking change from the fitments originally made under the four-slab indirect tax structure. Chaired by Union Finance Minister Arun Jaitley, the Council lowered the tax rate for 66 items of common use. While taxes on packaged foods and school bags and...

Natural yarn will be taxed at 5 per cent, while man-made yarn will be taxed at 18 per cent, readymade garments will attract 12 per cent tax, whereas no tax will be levied on jute.

The Andhra Pradesh government has asked the central government to consider reducing tax on biogas, cashew kernels and textile, among others, under the new Goods and Services Tax, state Finance Minister Yanamala Ramakrishnudu has said.

The Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, could also consider a review in tax rates of some goods, besides clearing the rules to be followed for proforma of forms to be filled up once Goods and Services Tax (GST) kicks in.

Earlier in the year, the Central Board of Indirect Taxes and Customs had announced that the GST rate on garments, textiles, and footwear would be raised from five per cent to 12 per cent with effect from January 1, 2022.

Several markets dealing with garment business in Delhi remained shut on Thursday in protest against the central government's proposed move to hike GST rates on textile from existing 5 per cent to 12 per cent from January 1.

BJP chief Amit Shah, who has set a target of 150 out of 182 assembly seats for the party in the December elections, will visit Surat in south Gujarat next week. Four days before that, Congress vice-president Rahul Gandhi will visit the important textile and diamond hub and Prime Minister Narendra Modi is expected to visit soon too.

The two-month countdown to the Gujarat election is obvious now. After the GST Council meet yesterday, Finance Minister Arun Jaitley singled out "khakra" (Gujarati savoury snack) and announced the GST on it has been reduced from 12 percent to 5 percent. Man-made yarn will also see lower GST now, helping textile manufacturers in Gujarat, where Prime ...

The Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, also finalised the e-way bill that mandates pre-registration of all goods worth over Rs 50,000 before they are moved for sale beyond 10 km.

Certain textile traders have been protesting against the 5 per cent tax rate on fabric under GST. They want the tax rate to be zero.

The traders in Surat have called off their two-week-long strike against the imposition of five per cent GST on textiles following the Centre's assurance to look into their demand for its rollback.

Braving heavy rains, textile traders from Gujrat and several other states came out on the streets of Ahmedabad and Surat today to protest against the Goods and Services Tax or GST on textile products.

Cloth merchants observed state-wide bandh today in Rajasthan to protest against imposition of 5 per cent sales tax on textiles under the upcoming GST regime.

According to Chairman of the Confederation of Indian Textile Industry (CITI) J Thulasidharan, reduction of service tax on job work would bring relief to the textile industry from the extra burden as bulk of the work is with SMEs and carried on through job works.

The GST or Goods and Services Tax Council met on Sunday to review demands raised by 133 industries seeking change from the fitments originally made under the four-slab indirect tax structure. Chaired by Union Finance Minister Arun Jaitley, the Council lowered the tax rate for 66 items of common use. While taxes on packaged foods and school bags and...

Natural yarn will be taxed at 5 per cent, while man-made yarn will be taxed at 18 per cent, readymade garments will attract 12 per cent tax, whereas no tax will be levied on jute.

The Andhra Pradesh government has asked the central government to consider reducing tax on biogas, cashew kernels and textile, among others, under the new Goods and Services Tax, state Finance Minister Yanamala Ramakrishnudu has said.

The Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, could also consider a review in tax rates of some goods, besides clearing the rules to be followed for proforma of forms to be filled up once Goods and Services Tax (GST) kicks in.