18 per cent GST on garments leaves textile industry, consumers worried
NEW DELHI : As the wedding season draws near, lovers of ready-to-wear traditional Indian attire are bracing for a financial pinch. The recent decision to hike GST from 12 per cent to 18 per
CTA Apparels welcomes reduction in GST rates on Textiles & Apparel
DELHI NCR : CTA Apparels has welcomed the Government of India’s decision to reduce Goods & Services Tax (GST) rates on select textile and apparel categories. The reforms include rectifying the long-standing GST inversion
Construction permits, GST, labor laws among top challenges for MSMEs: Assocham advocates reforms
NEW DELHI : Industry body Assocham has called for reforms in national and state-level policies to ease the regulatory regime for MSMEs in the country. In its latest knowledge paper ‘Ease of Doing Business
Ministry of Finance Year End Review 2024: Department of Revenue
NEW DELHI : In the year 2024, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, have continued their
Mandatory multi-factor authentication for E-Way Bill and E-Invoice Generation: GST compliance update…
NEW DELHI : Taxpayers with an aggregate annual turnover (AATO) exceeding ₹100 crore have been required to use multi-factor authentication (MFA) since August 2023. According to an advisory on the GST portal, MFA will
Retailers urge FinMin and GST Council not to go for higher 35% tax rate
NEW DELHI : Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation
CMAI warns of 100,000 job losses, MSME closures due to GST hike on apparel
NEW DELHI : The Clothing Manufacturers Association of India (CMAI) has raised concerns regarding the rate-rationalisation proposal put forward by the Group of Ministers (GoM), chaired by Bihar Deputy Chief Minister Samrat Chaudhary, which
Union Govt to reduce tax on marine diesel oil to boost coastal & inland shipping
NEW DELHI : The Union Government is looking to reduce the tax on marine diesel oil (MDO) by building consensus to bring it under the Goods and Services Tax (GST), among other options. The