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Textile ministry organises training workshop on GST
23
Jun '17
The ministry of textiles had organised training workshop on GST which was attended by around 175 officials. The workshop discussed about the tax structure for textile sector and clarified the doubts raised by industry participants. The event was held in partnership with National Academy of Customs, Excise and Narcotics under the revenue department.  

The workshop chaired by union textiles minister Smriti Irani, was attended by officials from the ministry, its PSUs and Export Promotion Councils. The demonstration sessions discussed about several transition issues related to procedures to be followed on registration, migration, refund and credit for duty paid on stock among others.

During the workshop, Clothing Manufacturers’ Association of India (CMAI) made a presentation on software named 'Adhigam', which has been developed by TCS, for use of CMAI members. The software automatically sends reminders to a vendor or a supplier, who has not paid tax at any stage in textile value chain. It offers multi lingual solutions and essentially aims at making the small manufacturers and traders GST ready. The software also enables traders to scan the existing invoice and translate it into a GSTN-compliant invoice. It operates on the principle of inter-locking and will enable matching and marrying of Input Tax credit of invoices in the value chain, with automatic reminders to the vendor to pay tax where he has not done so. (RR)

Fibre2Fashion News Desk – India


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