Slowly getting back on their feet after the losses caused due to twin policies of demonetisation and roll-out of Goods and Services Tax (GST), the knitwear and garment industry is faced with yet another crisis -- the removal of the crucial Merchandise Exports from India Scheme (MEIS) by the Centre.
Businesses planning to set up a trading company, or start importing or exporting from India, must understand the stages and stakeholders involved in the process, as well as the regulatory framework and documentation required.
The Indian rupee on Thursday opened marginally weaker against the US dollar, in line with its Asian peers as the greenback held near a nine-month high.
Ludhiana, August 28, It seems since the implementation of GST, tax payers are facing problems while filing GST returns till date.
NEW DELHI: The government has set up an inter-ministerial committee of secretaries to look at a new export incentive scheme especially for the yarn and fabric sector in the wake of a 35% decline in cotton yarn exports in the first quarter of FY20.
The introduction of destination-based consumption tax in the form of GST was one of the biggest reforms the current Government brought in.