Garment and apparel prices may increase under the Goods and Services Tax (GST) regime with ‘job work’ inviting 18% levy. Under the current system, there is no tax on job work as it is considered a “subsequent process” in the manufacture of textile products and not a service. However, under GST, t…
Tag: D K Nair
Higher insurance cover for handloom weavers in the works
The Textiles Ministry proposes to increase the level of insurance cover for handloom weavers, a sector that’s on the government radar for job creation, more than three-fold in some cases. The Mahatma Gandhi Bunkar Bima Yojana provides insurance to handloom weavers in the case of natural and accid…