It’s not that a tax waiver or a low rate of tax is everyone’s choice. The input tax credit (ITC) facility, which will be the hallmark of the proposed goods and services tax (GST), has several industrial segments pitching against their potential exclusion from the tax regime while some other askin…
Tag: Anil Rajvanshi
Duty drawback for Synthetic Textiles
In a boost for textile export, the government has included blended cotton yarn (both grey and dyed) for the benefit of duty drawback. In a notification early this week, the Directorate General of Foreign Trade under the Ministry of Commerce and Industry said yarn (other than sewing thread) with l…