Related Keywords: are happy that GST has forced them to introduce a new payment system which is good for a well-nourished business environment, fabrics traders, power loom weavers, textile traders, The launch of national e-way bill is going to impact the industry from April 1 onwards, Yarn dealers
Yarn dealers have stopped fresh deliveries of goods to power loom weavers because they are yet to settle outstanding payment. Most of the yarn dealers and fabrics traders have set payment terms where those paying within seven days of goods delivery are given one per cent discount on the total bill amount, whereas there are interest penalties of up to 18 per cent on late payments
