>>
Home / Knowledge / News / Textiles / GST Council moves forward on draft model law
GST Council moves forward on draft model law
23
Dec '16
The Goods and Services Tax (GST) Council has cleared most of the draft model law at a meeting held on December 22. The Council comprising Union finance minister Arun Jaitley and representatives from the states of India will once again discuss the issue of administrative control over assessees on the second day of the 2-day meeting to be held on December 23.

Apart from administrative control, the Council will also discuss Integrated GST (IGST) and compensation bills to agree on compensations that need to be paid to the states following the implementation of GST.

The Council cleared most of the 197 clauses proposed under Central GST (CGST) on the first day of the meeting chaired by Jaitley. The Empowered Committee of State Finance Ministers also met after the Council meeting concluded to provide their approval over the day’s proceedings, according to media reports.

As the Council could not come to a consensus on GST legislations like CGST, IGST and compensation law in the past meetings, the bill was not introduced in Parliament’s winter session. This could force the council to miss its GST roll out target of April 2017.

The Constitution was amended by Parliament for introducing GST and Constitutional requirements make it mandatory to roll out the bill by September 2017. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd May 2022

Turkiye, UAE sign preliminary deal to boost trade, business

UAE federal export credit agency Etihad Credit Insurance (ECI)...

Pic: Shutterstock

Textiles | On 23rd May 2022

G7 finance ministers agree to deepen multilateral economic cooperation

G7 finance ministers and central bank governors, who recently met in...

Pic: Shutterstock

Textiles | On 23rd May 2022

Bangladesh’s external debt to GDP ratio reaches 21.8%

The ratio of Bangladesh’s external debt to gross domestic product...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

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

Marry with brand ethos

Alberto Candiani & Simon Giuliani,

Alberto Candiani & Simon Giuliani

Candiani Denim was established in 1938 in a tiny town near Milano and is a ...

Nishant Poddar,

Nishant Poddar

Since 2015, Universal Sportsbiz Pvt. Ltd. (USPL) has been shaking up the...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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

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

May 2022

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


Advanced Search