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Textile traders switching over to the new tax system

Related Keywords: Amritsar, besides suiting and shirting, blanket, blazer, holy city-based textile industry, known for shawl, once known as Manchester of India, protests against the imposition of GST, readymade garments fall under luxury segment, spate of taxes on the textile sector, textile traders started registration for GST, tweed, unstitched clothes

Amritsar, once known as the Manchester of India, the holy city-based textile industry is now known for shawl, tweed, blazer, blanket, besides suiting and shirting. After holding protests for long against the imposition of the GST on unstitched clothes, a large number of textile traders have started approaching the District Excise and Taxation Office to get them registered.

Over 90 percent of the VAT dealers have switched over to the new tax system.

International Trade Fair second edition is set to take place in Dubai

Related Keywords: coated fabric, cotton, designers, fancies, fashion and appare, flannel, from prestigious mills, jersey, linens, outerwear, printed fabrics, rainwear, second edition of ITF, shirting, silk, Soft, synthetics, technical., tweed, UAE largest trading centre, view large range of textile, wool, worsteds

UAE is the world’s fourth largest trading centre of fashion and apparel, with the presence of about 150 apparel manufacturing companies that account for about 5.5 per cent of the world’s annual textile and clothing sales. According to a recent international report, by 2016, the UAE will become the world’s leading high-end textile and garment re-export centre.

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