Monthly Archives: August 2017
The 20th meeting of GST council was held in New Delhi on August 5, 2017. The below information is uploaded on the basis of GST Council’s decision and it will be subject to further vetting during which the information may … Continue reading
Since exports under GST would be zero rated, this would give a competitive edge to textile exports from India which is facing a strong competition from Bangladesh, Pakistan etc. Hence, integrated textile companies should see this as an opportunity, as … Continue reading
The tax rate under GST is higher than the current tax rate for the textile industry. Despite this, the textile industry would benefit from the introduction of GST due to following changes:
According to the latest data released by the World Bank, India’s GDP is expected to reach USD 5 trillion by 2025. After taking 60 years to reach the USD 1 trillion mark, India added the next trillion in just seven … Continue reading
The Union Government is planning to change the financial year accounting from January to December, from 2018. If implemented, this would be another major change after the Budget presentation on February 2017.