With the objective of highlighting the issues and challenges being faced by the textile and clothing industry as well as the urgent policy interventions required to address the same, all the stakeholders of textile and clothing industry,
Surat: Textile traders, who have shops in one of the oldest textile markets on Ring Road, are in the soup.
NEW DELHI: The new Goods and Services Tax (GST) returns from April 2020 that mandate providing more details may require companies to amend their enterprise resource planning (ERP) systems.
New Delhi: Worried over a sharp contract of exports due to poor outbound shipments, the commerce ministry is likely to take corrective measures soon.
Regulation disallows firms to take input tax credit if vendor invoices are not uploaded on the GST network. According to GST law, invoices should be uploaded on the GST IT network for every transaction for it to be eligible for tax credits.
Country’s export earnings from most of the major markets including Germany, Spain, Netherlands, Australia and Canada declined in the first quarter (July-September) of the current fiscal year 2019-20 while the export achieved a minimal growth in the US, the largest market for Bangladesh.