>>
Home / Knowledge / News / Apparel/Garments / 18% GST on footwear reduced profit for small manufacturers

18% GST on footwear reduced profit for small manufacturers

23
Nov '19
Pic: Shutterstock
Pic: Shutterstock
As Indian customers are highly price sensitive, manufacturers of footwear—a highly capital-intensive business with tight profit margins—were pushed to absorb the 18 per cent goods and services tax in a way as not to cause a sudden increase in product prices, which further reduced profit margins for small manufacturers, says footwear seller Aprajita Toor.

Toor sells footwear for women with her namesake label.

Although the Indian government allowed input credit, footwear manufacturing being more labour-intensive as well, this benefit did not translate into much saving for manufacturers, she told Fibre2Fashion in an interview.

The footwear industry has been requesting the government to consider reducing the GST rates on footwear to 12 per cent to allow the industry to continue growing and be able to improve its position in the global market, she added.

For the full interview, please click here.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

China reiterates call for tariffs cut after US official’s statement

After US treasury secretary Janet Yellen called for tariffs cuts on...

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Eric Durivault,

Eric Durivault

<font color="#333333" face="Helvetica, sans-serif">IDELAM is a...

Ishak Aydin Ozturk,

Ishak Aydin Ozturk

<font face="Calibri, sans-serif">Innovative pioneer in textile production, ...

Manuel Martos,

Manuel Martos

Nextil Group is one of the world’s largest knitted and elastic fashion...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Francesca Palumbo, Label - Francesca Palumbo

Francesca Palumbo
Label - Francesca Palumbo

Francesca Palumbo creates intricate and detailed knitwear that follows the ...

Eirinn Hayhow, Label - Eirinn Hayhow

Eirinn Hayhow
Label - Eirinn Hayhow

Eirinn Hayhow, founder of her eponymous label, is renowned for creating...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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

Leave your Comments

ESTEEMED CLIENTS

K AND D ITMACH EXPOSITIONS LLP
T.T. Limited
DuPont de Nemours, Inc.,
The LYCRA Company Singapore  Pte. Ltd
IKEA of Sweden AB
Coats Digital Limited
Hela Clothing Pvt Ltd
Alison Hayes Romania
Under Armour Global Sourcing Ltd
Shanghai  Aige Exhibition Service Co., Ltd
Lisa S.P.A.
Groz-Beckert East Asia LLP
Thai Trade Center
Babyshop
NITI Aayog
Aquarelle Clothing Limited
Applied DNA Sciences Inc
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Boardriders Asia Sourcing Limited
X-Rite Asia Pacific Limited (HK)
Sportswear Company Spa
Messe Frankfurt Exhibition GmbH
Itema Weaving (India) Private Limited
Flainox S.r.l.
FESPA (Reigate)
Recron Polyester from Reliance Industries Limited
SHAHI Exports Pvt Ltd
Truetzschler India Private Limited
Eurofins BLC Leather Technology Centre Ltd
Midas Clothing Limited
H. Stoll AG & Company KG
Walmart
THE BOMBAY DYEING ;& MFG.CO. LTD
Tchibo GmbH
COTTON COUNCIL INTERNATIONAL
Grasim Industries Limited
Restoque S.A.
Esprit Europe Services GmbH
Puma
Aramark Uniform ;& Career Apparel, LLC
Equinox Impex India
Mesdan SPA
Lacoste (Wanchai)
Chori Company Limited
Woolmark Services India Pvt. Ltd.
Amazon China
Marzoli Machines Textile s.r.l.
John Varvatos
FULGAR SpA
IDH – The Sustainable Trade Initiative
Abit
Zünd Systemtechnik AG
Nihalani Events Management
Italian Trade Commission
Aleph Srl
N9 World Technologies Private Limited
LC Waikiki
Bluesign Technologies Ag
The LYCRA Company Singapore  Pte. Ltd
BTC Textiles LLC
BTSR International S.P.A.
Alix Partners
Saurer Textile Solutions Pvt. Ltd.
Copenhagen Fashion Summit
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
G-Star Raw C.V.
Page Industries Limited (Bangalore)
Nandan Denim Limited
Landmark Group
IFF Media Ag - International Media Services
Zydex Industries
Tommy Hilfiger
Recron Polyester from Reliance Industries Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Benetton Group
Sateri (Jiujiang) Fiber Co.,Ltd
Green Fibre
EPCH
Bluestem Global Sourcing Limited
Lifestyle
IIGM Private Limited
KIABI
Lenzing Aktiengesellschaft - India
TESCO INTERNATIONAL SOURCING LIMITED
EMBEE CORPORATION
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Etam Group Strategy Hong Kong Limited
Lottmann Communications
GERBER TECHNOLOGY LTD.
Messe Duesseldorf
Brückner Trockentechnik GmbH & Co. KG
Shima Seiki Mfg. Ltd.
VNU Exhibitions Asia
Kern – Liebers Textile
TÜYAP IHTISAS FUARLARI A.S.
Guess Europe Sagl,
Color Service s.r.l.
Istanbul Fuarcilik A.S.
TESTEX AG, Swiss Textile Testing Institute
China World International Exhibition Company Limited
Thai Acrylic Fibre Company Limited
Rosset ;& Cia Limited
Stahl Holdings B.V.,
JES MEDIA, INC
Performance Days
PVH Corporation
Xtema - Thomas Lebherz Textilmaschinen
Tradewind International Servicing
KAS Direct Sourcing
CGS Inc.
BRINKMANN GMBH
Colours India Inc
Centric Software
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Vardhman Textile Ltd
Tuyap Tum Fuarcilik Yapim A.S.
Helly Hansen Far East Ltd
Sainsbury's Argos Asia Limited
Palexpo SA
Rayonese Textile Inc., Division de Culp Inc.
Loris Bellini S.r.l.
Inter Expo Center Ltd.
ZAITEX spa
Eastman Chemical Company
Lululemon Athletica Inc
Tory Burch Hong Kong Ltd
EUROVET ASIA LTD
Karl Mayer Textilmaschinenfabrik GmbH
Vianney Textil Hogar S.A. De C.V.
G.A.S. unternehmenskommunikation gmbh
Gatsby Africa
Lenzing Aktiengesellschaft
Calvin Klein
Datacolor AG Europe
Sportmaster Ltd.
GHCL LIMITED
Varner AS Retail
Cat Tuong Real Estate Group Joint Stock Company
OVS Hong Kong Sourcing Ltd.
H;&M Hennes ;& Mauritz (Far East) Ltd
Haelixa AG
Maceton Limited
Meera Dyestuff Industries
Dow Silicones Corporation
ITMA Services Pte Ltd
DyStar India Pvt. Ltd
GIOVANNI BOZZETTO S.p.A.
Phong Phu international JSC (PPJ)
Comasia Limited
Gokaldas Exports Limited
TEXVALLEY MARKET LIMITED
Asos
Target Corporation (MN)
UBM China (Shanghai)
Seasalt Limited
NV Michel Van de Wiele
Huntsman (Singapore) Pte Ltd
Infor (Hong Kong) Limited
Taiwan Textile Federation (TTF)
Rieter India Private Limited
Decathlon
Hirdaramani International Export Private Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
Desigual - ABASIC, S.A.
Savio Macchine Tessili S.P.A.
Gap International Sourcing Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
USTER
Thermore (Far East) Ltd.
Kornit Digital Asia Pacific Ltd
Reiter India Private Limited
International Sourcing Expo Australia
Indofil Industries Limited - Specialty & Performance Chemicals Division
CSGIA(China Screen Printing & Graphic Imaging Association)
Mayer & Cie. GmbH & Co. KG
Groz-Beckert KG
J ;& P Coats
MAS Active / MAS Kreeda / MAS Bodyline
Datatex Consulting Srl
Newtech Textile Technology Development (Shanghai) Company Limited
Officina Meccanica Dora Enrico Srl
SYNERGIES HONG KONG LIMITED
Indo Tex
APLF Limited
Arvind Limited
The Top Form Brassiere Manufacturing Company Limited
Jindal Worldwide Limited
BIMBA ;& LOLA SL
Gloria Jeans
BIANCA
International Textile Manufacturers Federation
Pt. Peraga Nusantara Jaya Sakti
Weitmann & Konrad GmbH & Co. KG
Brandix Lanka Limited
Splash
Lectra Technologies India Pvt Ltd.
C;&A Sourcing International Ltd
Chico’ FAS

May 2022

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


Advanced Search