In a letter sent to finance minister Arun Jaitley, FIEO has said that job work in cotton, MMF and blend need to be taxed at 5 per cent, uniformly for made-ups, garments, fabrics and yarn, irrespective of fibre base and whether woven or knitted.
Apparel manufacturing industry is dependent upon job work and the segment should be included in the 5 per cent slab of the upcoming tax regime, said media reports quoting the association.
The GST Council is expected to come to a conclusion regarding the demands of various textile associations of classifying job work for different segments under the 5 per cent slab, during the meeting to be held on June 18. (KD)
Fibre2Fashion News Desk – India
| On 14th Apr 2021
Readymade garment exports from Bangladesh declined by 2.55 per cent...
| On 14th Apr 2021
JD.com, one of China’s largest online retailers, is headed for the...
The COVID-19 pandemic has demonstrated that textile and apparel...
Estimate loss of $8-$10 billion in turnover
Great step towards realising end goal of 'AtmaNirbhar Bharat'
Fashion tech has to be lean and very productive
Jaquard is a training institute providing a highly specialised training...
Yawer Ali Shah
Synthetic colours and dyes were all the rage till the very first ban on...
Mumbai-based Forsarees is a socially driven business enterprise, working...
Kevin Young & Tom Lucas
Web Industries is a precision formatter of nonwoven materials used in baby ...
INDA, a global association of the nonwoven fabrics industry, has been...
Ventile is a registered trademark used to brand a special high-quality...
Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Ramya Rao & Kavea R Chavali
<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to email@example.com.