The Indian Texpreneurs Federation and the Federation and Tirupur Exporters Association on Tuesday proposed a meeting of domestic, MNC brands and organised retailers to create a platform with SME textile and apparel manufacturing units in Tamil Nadu.

Overtaking all the smart cities that have been lauded as best performing cities in the state during its review meetings, the Tirupur smart city had grabbed third place in the best performing smart cities.

As the Rebate of State and Central Taxes and Levies (RoSCTL) scheme was not implemented in 2019 and the Merchandise Exports from India Scheme (MEIS) also stopped from August last year for the apparel and made-up sectors, these sectors are facing a high liquidity crunch, according to Federation of Indian Export Organisations (FIEO) chairman Sharad Kumar Saraf.

The Supreme Court has made it clear that the deadline for submitting GST annual return forms — GSTR 9 and GSTR 9C — will not be extended.

The Supreme Court has stayed the Rajasthan High Court order that extended the deadline for filing of Form GSTR-9 (annual return) and Form GSTR-9C (reconciliation statement) without fine by up to a week to February 12, 2020 on a plea by the Centre that the move could undermine its efforts to boost GST compliance.

NEW DELHI : State governments are unlikely to get full compensation in FY20 for their revenue shortfall from Goods and Services Tax (GST), Business Standard reported on Tuesday citing finance ministry officials.