Home / Knowledge / News / Textiles / India's Haryana state govt reduces VAT on textiles to 5%
India's Haryana state govt reduces VAT on textiles to 5%
09
Oct '13
The Indian state of Haryana’s government has reduced the Value Added Tax (VAT) on textiles, including woolen and home textiles, from 12.5 percent to 5 percent, the state's Chief Minister announced.
 
The VAT reduction would benefit the textile traders to the tune of Rs. 1.5 billion, according to the Chief Minister Bhupinder Singh Hooda, reports Times of India.
 
The Chief Minister was addressing the representatives of various trade unions in the state who had called on him under the banner of Haryana Pradesh Vayapar Mandal, in order to thank him for taking a number of relief measures for the traders in the region.
 
The Chief Minister also assured the traders that the state government would favorably consider their demand to give further relief in filling the VAT-D 3 Form, and informed that the government has already increased the limit from Rs. 10,000 to Rs. 25,000 for the form.
 
The products on which the VAT has been reduced include pillow covers sold with bed-sheets, comforters, duvet covers, cushion covers, bolster covers and ready to use curtains, as well as, bed covers, bed-spreads, towels, table cloths, curtains, napkins, shawls, saris and ladies suits on which any valued addition work like knitting, embroidery work has been done.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Oct 2021

China's coal output rises to meet energy shortfalls amid govt measures

China's coal supply has showed signs of picking up with daily...

Pic: Shutterstock

Textiles | On 22nd Oct 2021

Indonesia, China begin feasibility study on coal-to-methanol unit

Indonesia and China recently signed an MoU to conduct a feasibility...

Pic: Shutterstock/TY Lim

Fashion | On 22nd Oct 2021

Balenciaga ranked hottest brand in The Lyst Index Q3 2021

Paris-based luxury fashion house Balenciaga was ranked the hottest...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

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...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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


October 2021

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


Advanced Search