CHENNAI: Concerned about increasing imports from Bangladesh, garment makers from the industrial clusters of Coimbatore and Tirupur in Tamil Nadu have approached the central government, seeking its assistance in getting supply contracts from Indian retailers and brands.
New Delhi: Exporters' body FIEO Tuesday urged the government to announce various measures such as employment-linked income tax benefits and set up a fund for marketing purposes to boost the country's outbound shipments in the upcoming Budget.
NEW DELHI: The government Monday warned businesses against generating fake invoices to evade GST, saying tax officers will take strict action in such cases.
The Indian rupee opened higher at 68.85 per dollar on Wednesday versus previous close 68.93.
Stating that the new verification exercise of input tax credit (ITC) is aimed at preventing unscrupulous exporters from defrauding the exchequer and bringing a bad name to the larger exporting community, the commissioner of customs-Goa and the principal commissioner of GST-Goa said that the central board of indirect taxes and customs (CBIC) would like to assure all genuine exporters that they would continue to get their integrated GST (IGST) refunds in a timely manner in a fully automated environment.
Surat: Union finance minister Nirmala Sitharaman has assured that the issue concerning the input tax credit (ITC) under Goods and Services Tax (GST) for man-made fibre (MMF) sector will be taken up positively once the monsoon session is over.