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The textile industry has welcomed the Government鈥檚 move to cut the Goods and Services Tax (GST) on job work or the third-party services, but said some more leniency in cost is needed.
In its meeting last week, the GST Council Chad Williams Color Rush Jersey , chaired by Finance Minister Arun Jaitley consisting of representatives from all the states, had taken the decision to bring down the tax on all the job works such as weaving, knitting, cutting Budda Baker Color Rush Jersey , and embroidery in the textile sector at from 18% to 5%.
The 5% rate will be applied on job work in apparel, carpets and shawls.
鈥淲e welcome this move of the government but it would be better if it is zero percent,鈥?P M Shah, President Haason Reddick Color Rush Jersey , Southern Gujarat Chamber of Commerce and Industry (SGCCI) told The Dollar Business.
鈥淭he thing is that the Government has decreased the GST on all the job works of the textile sector from 18% earlier to 5% but we still have to pay it and it is a cost burden for us, he said.
Input tax credit which the industry gets is the best option and is beneficial for us, Shah said, while adding Christian Kirk Color Rush Jersey , 鈥淲e鈥檙e demanding full and timely refunds of input tax credit.鈥?br > He further said that SGCCI has submitted a representation to the Commerce Ministry on behalf of the textile industry, demanding imposition of import duty on the Chinese fabrics to safeguard the SME segment, which has been under lot of pressure due to heavily under-invoiced fabric imports from China.
In a statement, the Confederation of Indian Textile Industry (CITI) Vice Chairman Sanjay K Jain said Josh Rosen Color Rush Jersey , 鈥淎 common rate across the chain would also avoid confusion. All textile job works being manufacturing activities were exempted from service tax in pre-GST regime. But job workers could not avail input tax credit that had been increasing the cost of the products and affecting the export competitiveness and also the domestic consumers,鈥?he added.
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Tips to Develop a Highly Usable Mobile App Technology Articles | April 6, 2013
App development is one of the most profitable industries of today. However, there are several challenges that a software developer has to overcome to build a usable mobile application.

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