Home / Knowledge / News / Textiles / AP govt tones down VAT on textiles
AP govt tones down VAT on textiles
29
Jul '11
Textile traders in Andhra Pradesh are heaving a sigh of relief as the State government has toned down its July 11 order imposing four percent value added tax (VAT) on textiles.

The decision of the government has come in the wake of protests by over 100,000 textile traders, who had twice observed bandh since the implementation of VAT.

As per the notice issued by Commissioner for Commercial Taxes Department, Mr. Suresh Chandra, small textile traders whose yearly taxable turnover is less than Rs 500,000 will be exempted from the tax.

Merchants with a yearly taxable turnover between Rs 500,000 and Rs 4 million would have to pay tax at the rate of one percent. However, VAT would not be applicable on inter-State sales of textiles.

All handloom items will also exempted from VAT and these include textiles, zari and embroidery articles, and made-ups that are woven by hand. Similarly, all khadi items, including fabrics, garments and made-ups will be completely exempted from the tax.

To claim exemption on inter-State sales of textiles, traders will be required to produce C-Form, the notice said.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search