Home / Knowledge / News / Information Technology / CMAI launches GST software 'ADHIGAM'
CMAI launches GST software 'ADHIGAM'
17
Jun '17
Courtesy: CMAI; President of CMAI, Rahul Mehta addresses the gathering.
Courtesy: CMAI; President of CMAI, Rahul Mehta addresses the gathering.
The Clothing Manufacturers Association of India (CMAI) has launched software 'ADHIGAM' for textile and garment manufactures, traders and retailers to send them information about Goods and Services Tax (GST) compliance. The software automatically sends reminders to a vendor or a supplier, who has not paid tax at any stage in textile value chain.

"A manufacturer knows which vendor in the value chain has not paid the tax and hence the garment manufacturer can guide the vendor to pay the tax," said Rahul Mehta, president of CMAI.

"E-Waybill procedure is likely to be simplified and various recommendations received on the subject will be discussed in next GST Council meeting on June 18, 2017. So far rules have not been framed for E-Way Bill procedure and it would take three to four months’ time. As the border check posts, octroi and LBT will be removed from July 1, 2017, the transportation of goods would be done with ease. Under GST composition scheme, manufacturers will have to pay 1 or 2 per cent GST rate depending on certain criteria, but these have yet to be notified," said DM Akhade, joint commissioner, head – GST Cell, Maharshtra and co-convener GST Council. Further, Akhade advised the businessmen to come in the GST structure and stay away from any wrong dealings.

"The government would give 90 per cent refund amount within seven days. In case, the refund is delayed beyond three months, the government would pay interest," said Gajanan Khanande, deputy commissioner, automation unit-GST Mumbai.

The software was developed by CMAI in association with Tata Consultancy Services (TCS) and Shah Chambers. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


August 2018

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

news category


Related Categories:

Advanced Search