Textile industry has termed the withdrawal of zero rating status of export-oriented sectors, high energy cost and cotton shortage as major hindrances in increasing the country's exports.
For the first time Goods & Services Tax (GST) authorities have started sending notices for audit of assessees to ensure correctness of tax paid and credit claimed.
Union Budget 2020 India | Ease of Doing Business for MSMEs: Indian MSMEs have asked Finance Minister Nirmala Sitharaman to set up a national mechanism connecting governments at the state and centre for seamless feedback and grievance redressal.
Assuming the office of Chairman of Apparel Export Promotion Council (AEPC), Dr A Sakthivel shared the concern that for the past three years the industry has been struggling to survive and the growth of apparel exports has been stagnant.
New Delhi, Jan 8 (KNN) The Micro, Small and Medium Enterprises (MSME) sector has better adaptability to cater to the export market due to its smaller size and can adapt to market change sooner, said Union Minister of Commerce and Industry Piyush Goyal.
Budget 2020 India: Even as the liquidity windows and regulatory incentives ushered after the last year’s budget improved the liquidity situation in the financial system, a more concrete approach is in order.