Festivals are an intrinsic part of Indian culture, are known to inspire the clothing choices of Indian consumers. Indians usually prefer to wear ethnic outfits during festivals. As per a Textile Value Chain report, these garments make individuals feel beautiful and stylish. They also inspire respect for old traditions and allow them to express love,...
The Clothing Manufacturers Association of India – CMAI – wholeheartedly welcomes the decision that was taken at today’s GST Council’s meeting to defer the proposed increase of GST Rate from 5% to 12% on all items of Textiles and Garments. CMAI has been continuously raising its voice against the proposed increase especially on Garments, and...
By: adminComments Off on Cir No. 57 / G-2 / 2022 – DEFERMNENT OF INCREASE IN GST RATES ON TEXTILES INCLUDING READYMADE GARMENTS FROM 1ST JANUARY 2022 
Circulars Cir No. 57 / G-2 / 2022 Cir No. 57 / G-2 / 20223rd January 2022 TO ALL MEMBERS OF THE ASSOCIATION: Dear Members, I am sure you would have been happy to learn of the deferment of the increase in GST Rates on Textiles. The new rates which were to come into effect...
The government has almost finished revising its draft e-commerce regulations and will release its new revised version of the rules for online retailing soon. The government is gearing up to release a new e-commerce regulations draft after it revised. TO READ MORE: https://in.fashionnetwork.com/news/Government-enters-final-stages-of-drafting-e-commerce-regulations,1363511.html
The year 2021 has been a defining year for Indian luxury designers. And a string of corporate mergers and acquisitions led by Aditya Birla Fashion and Retail Ltd (ABFRL) and Reliance Brands Ltd (RBL) is set to reshape the narrative for fashion labels. TO READ MORE: https://www.livemint.com/companies/news/luxury-fashion-labels-embrace-corporates-to-expand-footprint-11640274217276.html
The $900 billion Indian Retail market is undergoing massive disruption on multiple fronts – especially over the last 2 years, with the onset of the pandemic in early 2020. The most significant disruption can be seen in the shopping preferences of Indian. TO READ MORE: http://bwdisrupt.businessworld.in/article/How-The-Pandemic-Has-Changed-The-Way-Indians-Buy-/24-12-2021-415808/
V-Mart will pass on the full seven percentage point GST rate hike on apparel. If this is not allowed, the fashion retailer will cut discounts to mitigate the cost impact. GST rates on textiles and apparel have been raised to 12% from 5% TO READ MORE: https://www.dfupublications.com/news/trade/v-mart-retail-raymond-to-pass-on-gst-hike-to-customers?fbclid=IwAR2D069A9QAbEEScgraVSIvnEuZBK7_5cFBnPJ-T-uKGdjwK8UscQTIERTg
By: adminComments Off on GOVERNMENT PREPARES TO INTRODUCE NEW GST RATES FOR APPAREL AND TEXTILES IN NEW YEAR
The government has received large-scale backlash for its proposed goods and services tax hike to 12% on numerous apparel and textiles categories, but remains set to implement the tax increase on January 1, 2022. TO READ MORE: https://in.fashionnetwork.com/news/Government-prepares-to-introduce-new-gst-rates-for-apparel-and-textiles-in-new-year,1364196.html
