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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

Related Keywords: 000, country’s largest man-made fabric, facing difficulties on GST portal, FOSTTA, MMF hub, movement of goods worth more than Rs 50, online e-way bill generation, sought extension of deadline, technical glitches, textile traders, trial basis for inter-state movement

The textile traders' community in the country’s largest man-made fabric (MMF) hub has been facing lot of difficulties on the GST portal due to technical glitches and sought extension of deadline in the online e-way bill generation. An e-way bill is required for movement of goods worth more than Rs 50,000.

Though the central government has launched the e-way bill generation on trial basis for the inter-state movement of goods above Rs 50,000 starting from January 16, the traders have demanded that implementation of e-way bill must be done only after ensuring the system works properly.

Related Keywords: across the city, awareness programmes about the GST, cloth markets, demand submitted to commercial tax commissioner, Dr P D Vaghela, Maskati Cloth Merchants Association, prepare for new tax before it is imposed, sought total exemption from GST till 2019, textile traders

Textile traders across the city have sought total exemption from GST till 2019. The demand was submitted to the commercial tax commissioner, Dr P D Vaghela, on Wednesday.

According to Gaurang Bhagat, the president of Maskati Cloth Merchants Association, an awareness programmes about the GST are needed for textile traders. The traders should be prepared for the new tax before it is imposed.

He said that the commissioner has assured them that their case will be presented to the Union government.

Related Keywords: booking facility, credit facility, doorstep delivery, ecommerce marketplace from July, launching its Business to Business, mentored under NASSCOM 10k startup programme, retailer can book small order, textile traders, tie up with thirty five textile manfacturers, unbranded retail fashion stores, Visakhapatnam based start up Texfy

Visakhapatnam based start up Texfy, founded by Raghunath Penumarthi, Akhil Teja Dandamudi and Srinivas Reddy Yarragudi , being mentored under NASSCOM’s 10k startup programme at its warehouse set up at Sunrise Incubation Hub, Rushikonda is launching its B2B (Business-to-Business) e-commerce marketplace from July.

Related Keywords: booking facility, credit facility, doorstep delivery, ecommerce marketplace from July, launching its Business to Business, mentored under NASSCOM 10k startup programme, retailer can book small order, textile traders, tie up with thirty five textile manfacturers, unbranded retail fashion stores, Visakhapatnam based start up Texfy

Visakhapatnam based start up Texfy, founded by Raghunath Penumarthi, Akhil Teja Dandamudi and Srinivas Reddy Yarragudi , being mentored under NASSCOM’s 10k startup programme at its warehouse set up at Sunrise Incubation Hub, Rushikonda is launching its B2B (Business-to-Business) e-commerce marketplace from July.

Related Keywords: cancelled orders, FOSTTA, manufactured in Surat, MMF hub Surat, North Indian states, ongoing jat agitation in Haryana, suffered losses over two crore, textile traders, the biggest markets for saris and dress materials, trucks loaded with textile goods struck

Textile traders of the country's largest man-made fabric (MMF) hub Surat , have suffered losses to the tune of over Rs 200 crore over the last five days due to the ongoing Jat agitation in Haryana.

Textile traders and transporters are worried as more than 250 trucks loaded with textile goods which includes dress materials and saris worth crores of rupees bound to Haryana, Chandigarh, Delhi and Punjab have been stuck on the highway near Rajasthan following the Jat quota stir in Haryana, according to Industry sources.

Related Keywords: asked to return, cancelled orders, FOSTTA, hard hit Surat polyester fabric trade, including saris and dress material, Jat agitation in Haryana, MMF hub, northern India buyers, ongoing quota reservation, SGCCI, STGTA, stopped accepting supply orders, Surat City-based transporters, textile traders, trucks loaded with textile fabrics

Jat agitation in Haryana for ongoing quota reservation has hard hit Surat’s polyester fabric trade, the country's largest man-made fabric (MMF) hub as over 300 trucks, loaded with textile fabrics including saris and dress materials that had set journey towards Delhi, Haryana and Punjab on Friday, have been asked to return following widespread incidents of violence and arson on the Haryana-Delhi and Haryana-Amritsar highway.

Related Keywords: directly form powerllom weaving units, ease trafffic congestion, European textile market, suggest Surat textile weavers, tempowalas, textile traders, to textile dyeing and printing mills, transfer grey fabric, Walmart expers

The Walmart experts suggestion to transfer grey fabrics directly from powerloom weaving units to textile dyeing and printing mills in order to ease traffic congestion in the two square kilometre area on Ring Road has been disregarded by the member of Federation of Surat Textile Traders Association (FOSTTA).

According to FOSTTA members, only 10 percent of the textile traders have their warehouses located in the peripherial areas of the city, while most of the small traders have no option but to stock the fabric in their shops and godowns in the markets.

Related Keywords: apparel brands, fashion designers and design studios, Fashion talk, inaugurated by Butti Saeed Al Ghandi, International Textile Fair, Italian companies, local and international buyers, marked increase in European exhibitors, second season, textile traders, Vice Chairman of Dubai world trade centre

After the huge success of International Textile Fair’s maiden edition, the second season of the two-day ITF kicked off on Sunday with a marked increase in European exhibitors. The ITF was inaugurated by Butti Saeed Al Ghandi, second vice chairman of the Dubai World Trade Centre.

The event began with 150 exhibitors from 20 countries. ITF is seeing the participation of apparel brands, local and international buyers, textile traders, fashion designers and design studios.

Related Keywords: drop proposal to impose VAT, levy to lead to harassment of traders, on sarees and textile products, Telangana state government, textile traders, TSFTA

The Telangana state government has decided to drop the proposal to impose Value Added Tax (VAT) on sarees and textile products, subsequent to its appeal, said the Telangana State Federation of Textile Associations (TSFTA) on Thursday.

Commercial Taxes Minister Talasani Srinivas Yadav gave this assurance when a delegation from the Federation explained to him the problems that such a levy would result in, including harassment of traders, said TSFTA president Ammanabolu Prakash.