News - Tiruppur Expoters' Association

Textile industry is one of the largest source of employment generation in the country with over 45 million people employed directly - 22nd June 2019

support@tea-india.org (TEA Admin) — Sat, 22 Jun 2019 10:14:31 +0530

New Delhi: The Textile industry is one of the largest source of employment generation in the country with over 45 million people employed directly and another 6 crore people in allied sectors, including a large number of women and rural population.

Government identifies 5,106 ‘risky exporters’ who have fraudulently claimed GST refunds - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:47:41 +0530

According to sources, such fraudulent claims of Integrated GST (IGST) refunds by exporters could exceed Rs 1,000 crore.

Sitharaman's first GST Council meet to decide on NAA extension, single point refund system - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:46:29 +0530

NEW DELHI: Finance Minister Nirmala Sitharaman will chair her first meeting of the GST Council on Friday which, among other things, would consider extending the tenure of the anti-profiteering authority by a year, setting up a single point refund system and a mechanism for businesses to issue e-invoices.

Govt willing to make special policies for import-substitute products in MSME: Gadkari - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:20:50 +0530

Terming employment generation as one of his priorities, Union Minister Nitin Gadkari said Thursday that the MSME sector offers huge potential and the government is ready to come out with special policies to promote import-substitute products.

Rupee slips 22 paise against US dollar in early trade - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:18:56 +0530

The rupee Friday fell 22 paise to trade at 69.66 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone.

RBI concerned over slowdown in investment - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:16:24 +0530

It has been two years since GST has been implemented in India. The deadline for filing GST annual returns is approaching fast.

Manual check to only impact 3.5% ‘risky’ exporters in availing refunds - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:14:43 +0530

The government on Thursday said the manual intervention introduced in the previously automated system of integrated GST refund to exporters would only apply to 3.5% of exprorters perceived to be ‘risky’ while the remaining exporters would continue to apply and receive timely refunds through the online system.

Introduction of manual checks in IGST refunds - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:13:54 +0530

Some newspapers have on Thursday highlighted a perceived set-back to the automated process of refunds for exporters under GST on account of the introduction of manual checks to curb large scale frauds in IGST refunds, said the government in an official release.

Apparel exports struggle due to high manufacturing costs - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:12:49 +0530

This is especially in low-value added products, says a survey.

Budget 2019: Simple GST filing, collateral-free loans in traders’ wishlist for Nirmala Sitharaman - 21st June 2019

support@tea-india.org (TEA Admin) — Fri, 21 Jun 2019 10:11:52 +0530

Union Budget 2019 India: Traders' body CAIT has sought simplification in filing the Goods and Services Tax (GST) return and also an extension in filing it by at least next three months from current last date of June 30.