Circulars

Mall developers and retail landlords offered concessions and waivers to retailers and restaurants during the first two waves of Covid. This was done in order to offset the impact of the pandemic on business. But now with retail sales. TO READ MORE: https://www.dfupublications.com/news/retail/malls-end-concessions-and-waivers-with-business-returning-to-normal

For years, the manmade fibre (MMF) manufacturers in the country made representation to the government to fix an anomaly in GST which had a severe impact on their business. The Finance Ministry finally on November 18 notified a 7% hike in GST. TO READ MORE: https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/completely-unjustifiable-gst-rate-hike-on-apparel-textiles-and-footwear-show-the-govt-has-no-easy-choices/87925615

The Confederation of All India Traders (CAIT) said that instead of simplifying and rationalising the GST tax structure, the GST Council has made it as “most complicated GST law in India over the world” and much against the GST structure shown. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/traders-up-in-arms-against-12-gst-on-textiles-footwear/87909089

The textile industry is unhappy with the Centre notifying the GST rate hike for several textile and apparel items effective from January 2022. Industry players say the hike from 5% to 12% will lead to price increase and job losses.  TO READ MORE: https://www.deccanherald.com/business/apparel-industry-red-flags-gst-rate-hike-1053846.html

One of India’s oldest and largest associations representing the interests of the domestic garment industry, CMAI (The Clothing Manufacturers Association of India) has launched one of its most important and significant new initiatives – the CMAI ARBITRATION CELL. TO READ MORE: