Consumption of clothing, footwear and household textiles in the European Union (EU) annually uses 1.3 tonnes of raw materials and over 100 cubic metres of water per person, says the European Environment Agency (EEA).
The ever-increasing pace of change experienced throughout the textile industry has compelled companies in virtually every sector to craft various approaches to harness these changes and maybe more importantly to take advantage of them.
NEW DELHI: In a major relief for the export sector, the customs authority has directed tax officials not to insist on proof of realisation of exports proceeds for processing of input tax refunds.
BENGALURU : Digital payment technology and payment gateways create significant value for micro, small and medium enterprises (MSMEs) in India, while more than 9 million GST-registered MSMEs could be a potential market for advanced offerings from fintech companies.
Umpteen GST amendments, circulars and change of rules have befuddled MSMEs and small tax payers.
GSTN said that it could have been possible that some filers may have momentarily experienced being logged out at the load threshold of 1.5 lakh returns load at a particular point of time or some difficulty due to any local issue at the taxpayer filers' end.