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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    Reid Taylot India Ltd

    Reid & Taylor (India), Ltd. manufactures worsted and poly viscose suiting fabrics, and apparel in India. It offers suits, jackets, trousers, and shirts, as well as accessories,

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    S L Banthia Textiles Industries Pvt Ltd

    S L Banthia Textiles offer technical textiles solution under one roof. From yarn to finished fabric. Its manufacturing facility is located in Sachin in Gujarat

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    Sadhana Sulz Fab Pvt Ltd

    Sadhana Sulz Fab Pvt Ltd was promoted by Chordia Family and is engaged in production of synthetic fabric for suitings and shirtings. It has a total weaving capacity of 20 lakh

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    Santhi Processing Unit Pvt Ltd

    Santhi Processing Unit Private Limited established in 1980, engaged in the business of manufacturing cotton fabrics. The company's operations involve manufacturing yarn, dyeing,

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    Sara Textiles Ltd

    Sara Textiles Ltd is a closely held public limited company, incorporated in 2003 and commenced its commercial production in 2004. It is engaged in the manufacturing of Terry tow

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    Seasons Textiles Ltd

    Seasons Textiles was set up in Noida as a publicly held company during the year 1986. The company's commercial operations commenced during 1989 for manufacturing and export of f

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    SEL Manufacturing Ltd

    SEL commenced operations in 1969 is a leading vertically integrated textile conglomerate having a turnover of over INR 2300 crore. SEL is operating in various textile sub-segmen

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    Shahi Exports Pvt Ltd

    Shahi - started in 1974 at Delhi, Bangalore operations began on 1st July 1988 with 250 associates and 104 machines. Expansion by 60 times by last 30 years. They manufacture 3 mi

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    Sharadha Terry Products Ltd

    Sharadha Terry Products Ltd owns the brand micro cotton - the makers of ultra-soft and luxurious home and hospitality textiles . The brand is popular across world stores like Ma

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    Shree Bhavya Fabrics Ltd

    Shree Bhavya Fabrics Ltd was incorporated in the year of 1988 with headquarters is in Ahmedabad, Gujarat. The company is involved in business of manufacturing and supplying of