Fabrics

GST Council reduces tax rate for velvet fabric

GST Council on its 25th meeting has reduced the GST rate on velvet fabric (code 5801 37 20) from 12 per cent to 5 per cent with no refund of unutilised input tax credit. The recommendation of the Council will be effective from 00 hours on January 25, 2018. The Council, at its meeting in New Delhi, also decided that the late fee payable by any registered person for failure to furnish form GSTR-1 (supply details), form GSTR-5 (non-resident taxable person) or form GSTR-5A (OIDAR) will be reduced to fifty rupees per day and shall be twenty rupees per day for ?nil? filers. The late fee payable for failure to furnish form GSTR-6 (Input Service Distributor) shall be fifty rupees per day.
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Cotton Fabrics included in Merchandise Exports from India Scheme (MEISP

Cotton fabric exports are likely to rise at least 10 per cent in 2015-16 because of inclusion of the fabric in the Merchandise Exports from India Scheme (MEIS). The products exported under the scheme are eligible for reward on the free-on-board value. Cotton fabrics have been added in the exports list for Bangladesh and Srilanka which will result in extra incentive of 2% on the value. Though cotton fabric is included other popular fabrics like lycra, and other forms of knitted fabrics are left out. Texprocil has urged to include cotton dyed and printed fabrics, and made-ups, to African countries under MEIS.
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    Suzuki Textiles Ltd

    Suzuki Textiles is located in textile city Bhilwara (Approach between Jaipur & Udaipur airport and on N.H 79 Ajmer Road, Bhiwara. Their production volume capacity of manufacturi

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    Synthesis Home Textiles Pvt Ltd

    Synthesis Home Textiles Pvt Ltd was incorporated in the year 2005 at Karur, Tamil Nadu. The company is engaged in manufacturing and sales/export of home textiles like table, kit

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    T T Ltd

    TT Ltd is a flagship company of the 65 years old T.T. Group which is founded by Dr. Rikhab Chand Jain. It covers the entire spectrum of Textile sector : Cotton, Yarn, Fabric, Ga

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    Texorange Corporation Ltd

    Texorange Corporation Ltd is a Mumbai based company which was incorporated in 2004 and started its commercial operations in FY08. The company manufactures fabrics, apparels, emb

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    United Poly Fab Pvt Ltd

    United Polyfab Pvt Ltd was incorporated in 2005 and is engaged in manufacturing of textile products like grey cloth fabric products. The company is promoted by Mr. Nimal Mittal

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    Vaibhav Laxmi Filaments Pvt Ltd

    Vaibhav Laxmi Filaments Pvt Ltd was incorporated in the year 1998 promoted by late Shri Kishangopal Agarwal. VLFPL is engaged in manufacturing of knitted grey fabric with backwa

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    Vijay Textiles Ltd

    Vijay Textiles was promoted by Vijay Kumar Gupta after inheriting the family business of over four decades old have been able to transform it in to its present size and stature.

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    Vinod Denim Ltd

    Vinod Denim Ltd was incorporated in November 2009 by the Mittal family, manufactures denim fabric. Its unit has been operational since February 2011. They manufacture around 55

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    Vinod Fabrics Pvt Ltd

    Vinod Fabrics Pvt Ltd, was incorporated on November 1983 is part of a Vinod Group which has grown as a full-fledged textile processing house with production capacity of more tha