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Fashion Brand & Retail News

21. GST MAY DRIVE CONSUMERS AWAY FROM VALUE BRANDS FEAR APPAREL RETAILERS ...: (Apparel); 18 January 2022, Mumbai: Deferment in GST rate hike on textiles from 5 per cent to 12 per cent hardly brings any relief to consumers as they still have dole out extra cash for branded clothes. As ...; Created on 18 January 2022
22. Waive mandatory GST registration for sale on e-commerce platforms, urges CAIT ...: (Apparel); 17 January 2022, Mumbai: The Confederation of All India Traders (CAIT) has requested Union Finance Minister Nirmala Sitharaman to waive mandatory GST registration for selling products through e-commerce ...; Created on 17 January 2022
23. Textile Ministry to host CAIT, GST Fitment Committee and Bommai Committee meet on withdrawal of GST hike ...: (Trade); ... the country this week. Union Minister of Commerce and Textiles, Piyush Goyal was thanked for playing an important role in convincing the GST Council in postponing the increase in the rates of GST on ...; Created on 05 January 2022
24. Uniform GST on footwear will facilitate trade, say government sources ...: (Trade); 05 January 2022, Mumbai: The uniform 12 per cent GST rate on footwear will help facilitate trade and promote ease of doing business, according to government sources. Doing away with the inverted duty ...; Created on 05 January 2022
25. According to government sources, the new GST rates and the elimination of the inverted duty structure on footwear would cut prices ...: (Trade); ... duty structure and result in lower consumer pricing. According to unidentified government sources, the new GST rates on footwear would serve to expedite commerce and encourage ease of doing business, ...; Created on 04 January 2022
26. The GST Council has decided to postpone a rate increase on textiles from 5% to 12% ...: (International); The Goods and Services Tax (GST) Council resolved on Friday, at its 46th meeting, to postpone the proposed increase in the textiles sector's tax rate from 5% to 12%, which was set to take effect on Januar ...; Created on 02 January 2022
27. Indian Textile Inc hails deferment of GST hike on Textiles sector ...: (Apparel); 31 December 2021, Mumbai: India Inc on Friday welcomed the GST Council's decision to defer the proposed GST hike on textiles. According to reports, the council has deferred the proposal on the bac ...; Created on 01 January 2022
28. A new year’s gift to the industry as government defers GST hike on textiles ...: (Apparel); 31 December 2021, Mumbai: Smiles are back on the faces of textile industry leaders as the GST Council has unanimously deferred its proposed hike to GST rates on textiles. The GST rate hike on textiles ...; Created on 31 December 2021
29. GST Council decides to defer GST rates hike on Textiles from 5% to 12% ...: (News); 31 December 2021, Mumbai: The 46th Goods and Service Tax (GST) Council chaired by union finance minister Nirmala Sitharaman on Friday has unanimously decided to defer hike in GST on textiles. The ...; Created on 31 December 2021
30. Today's GST Council meeting is expected to produce a positive resolution, according to the Textile Minister ...: (Textile); 31 December 2021, Mumbai. The 46th meeting of the Goods and Services Tax (GST) Council, which begins tomorrow, is expected to include a discussion on the proposed increase in GST rates on clothes, as ...; Created on 31 December 2021
31. Union minister for textile Darshana Jardosh and Gujarat BJP presudent CR Paatil press for GST rollout on Textiles & Apparel (T&A) ...: (Trade); ... GST on textile exports from 12% to 5%. On Wednesday, the two leading BJP leaders announced that they had filed a petition to the Central government to hold the GST on textiles at 5% during the pre-Virbant ...; Created on 31 December 2021
32. Ahmedabad cloth markets such as Ahmedabad’s Maskati Cloth Merchants’ Association go for one-day strike protesting against revised GST rates ...: (Trade); 29 December 2021, Mumbai: A number of cloth markets across Ahmedabad will observe a day-long shutdown on Thursday, to protest the proposed hike in Goods and Services Tax (GST). Some 45,000 clothing retail ...; Created on 29 December 2021
33. India to have uniform GST from January 2022 ...: (Insight); 29 December 2021, Mumbai: Uniform goods and services (GST) tax will be applied at 12 per cent on manmade fiber, yarn, fabrics and apparel. The aim is to address the inverted tax structure in the manmade ...; Created on 29 December 2021
34. Uniform GST on MMF, yarn, fabric from January 1,2021: Government of India (GoI) ...: (Trade); 28 December 2021, Mumbai: Despite demands from traders and states, the government is sticking to its decision to implement uniform goods and services tax (GST) rate at 12% on manmade fibre (MMF), MMF ...; Created on 28 December 2021
35. Mitra, principal chief adviser, West Bengal :GST hike for man-made fibre (MMF), Textiles to hit MSMEs & dampen demand ...: (Trade); ... lakh textile units and losses of 15 lakh jobs in India. West Bengal’s former finance minister Amit Mitra has urged Union finance minister Nirmala Sitharaman to call a GST Council meeting urgently and ...; Created on 28 December 2021
36. (FOGWA) & (FOSTTA) & (FIASWI) , Gujarat: Fear that the government’s plan to increase revenues through higher GST will backfire ...: (Trade); Federation of Gujarat Weavers Welfare Association (FOGWA), Federation of Surat Textile Traders Association (FOSTTA) & Federation of Indian Art Silk Weaving Industry (FIASWI) all are skeptical of GST revised ...; Created on 28 December 2021
37. GST Textile rate hike: Textile traders in Telangana launch postcard campaign ...: (Textile); 27 December 2021, Mumbai: Textile traders in Telangana have launched a postcard campaign opposing the proposed hike in Goods and Services Tax (GST) on textiles and certain apparel from January 1, 2022. ...; Created on 27 December 2021
38. Nirmala Sitharaman (FM) dismisses 'Textiles Ministry Proposal' to defer GST rates hike ...: (Textile); 25 December 2021, Mumbai: India’s Treasury Minister Nirmala Sitharaman rejected the Ministry of Textiles’ proposal to postpone the Goods and Services Tax (GST) hike from 5% to 12% of current textiles ...; Created on 25 December 2021
39. Government readies to move ahead with revised GST rates for Textiles & apparel (T&A) in 2022 ...: (Trade); ... the tax increase on January 1, 2022. As the GST Council previously made the decision to increase the textiles GST rates from 5% in many categories to 12%, the central government remains set on going ...; Created on 24 December 2021
40. Textile sector 12% GST hike to hurt businesses seriously: Textile merchants and traders ...: (Textile); 23 December 2021, Mumbai: Textile merchants and traders are worried about the impact of their business when the increased GST of 12% will come into effect from January 1 across the country and how their ...; Created on 23 December 2021