News - Tiruppur Expoters' Association

How to address the challenges expected from new GST returns - 18th November 2019

support@tea-india.org (TEA Admin) — Mon, 18 Nov 2019 11:13:20 +0530

The GST Council approved a new simplified GST return format in its 27th Council meeting. The new GST return aims at enhancing transparency and accuracy of the return filing process. The Council has decided that the new return filing system will be implemented from April 2020.

Over 500 firms to take part international textile and garment industry exhibitions in HCM City - 18th November 2019

support@tea-india.org (TEA Admin) — Mon, 18 Nov 2019 11:03:32 +0530

HCM CITY — Four expos showcasing technologies, solutions and trends meant to upgrade the entire textile and footwear production chain will be held under one roof in HCM City from November 20 to 23.

Policies framed to create 5 crore jobs in MSME sector: Nitin Gadkari - 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:26:03 +0530

PUNE: Union minister Nitin Gadkari on Friday said the Centre has designed policies to generate five crore jobs in the Micro, Small and Medium Enterprises (MSME) sector over the next five years.

Gujarat HC issues notices to Centre, State on limiting input tax credit in GST - 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:24:36 +0530

The Gujarat High Court has issued notices to Centre and the State Government, besides three others, on limiting the input tax credit to assessees in case the details have not been uploaded by the supplier.

Too early to say economy bottomed out: Sitharaman - 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:22:55 +0530

Finance Minister Nirmala Sitharaman on Friday said it was too early to say if the slowdown in the economy had bottomed out but she hopes the growth in second half of the fiscal will be better.

Cut GST on matchbox to 12%, on par with raw materials: Tamil Nadu minister- 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:21:52 +0530

The Goods and Services Tax (GST) on matchboxes should be brought down to 12 per cent from the existing 18 per cent, Tamil Nadu Information and Publicity Minister Kadambur C Raju said on Friday.

Exports down marginally, imports see sharp fall in Oct - 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:20:22 +0530

Amid global slowdown and weak domestic demand, India's merchandise exports declined marginally while imports fell by a sharp 16 percent in October on a year-on-year basis, according to official figures released on Friday.

Finance Minister to hear concerns of MSMEs, ICAI & other tax practitioners - 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:19:27 +0530

New Delhi, Nov 15 (KNN) In a bid to tackle out glitches in filing of Goods and Services Tax (GST), Finance Minister Nirmala Sithraman has invited tax practitioners' association and representatives of Micro Small and Medium Enterprises (MSMEs) and Institute of Chartered Accountants of India (ICAI) representatives on Saturday to hear their concerns.

Platforms enabling easy access to finance for the MSMEs - 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:18:41 +0530

MSMEs contribute 6.11 pc to the manufacturing GDP, 24.63 pc to the GDP from service activities, and 33.4 pc to manufacturing output.

No GST on CXO salaries: Govt set to clarify - 16th November 2019

support@tea-india.org (TEA Admin) — Sat, 16 Nov 2019 10:17:37 +0530

Mumbai: The government is looking to clarify that goods and services tax (GST) should not be applicable on salaries of chief executives sitting in head offices, two people in the know said.