Classify textile job work under 5% GST slab: FIEO

17 Jun '17
1 min read

Federation of Indian Exports Organisation (FIEO) has urged the government to bring textile job works including embroidery, cutting and garmenting under the 5 per cent GST slab. As tasks like finishing, packing, washing or pressing, dyeing, knitting and more are outsourced by manufacturers, the association has appealed to place them under the lowest slab.

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

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,

Recommended

Advanced Search