New Delhi: Businesses taking Goods and Services Tax (GST) registration without Aadhaar authentication will have to undergo physical verification of their premises, according to a set of norms brought out by the Central Board of Indirect Taxes and Customs (CBIC).
The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday notified that GST e-invoicing will be mandatory for any firm whose turnover exceeds Rs 100 crore from January 1, 2021. The limit set earlier was a turnover of Rs 500 crore.
In a move that has lifted the industry sentiment in the festival season, the Union Cabinet on Wednesday approved a Rs 1.45-trillion package by extending the production-linked incentive (PLI) scheme to 10 more sectors (see chart).
The garment industry in Tiruppur has appealed to the State government to develop infrastructure in the district for the benefit of workers and the industry.
The Tiruppur Exporters’ Association (TEA) recently submitted a list of issues stunting the growth of the knitwear garment sector to Tamil Nadu chief minister Edappadi K Palaniswami.
The textile industry here has welcomed the Production Linked Incentive (PLI) scheme announced by the Central Government on Wednesday.