Government has announced a tax exemption for importation of leather and textile raw materials. The exemption applies to both import duties and Value Added Tax (VAT) and became effective on Friday, December 2. The announcement is good news for the leather and textile manufacturing industry, which …
Tag: Value Added Tax (VAT)
Mega textile park policy attracts industries, entrepreneurs in Uttarakhand
The new mega textile park policy of the state government is flourishing, and attracting industries and entrepreneurs in Uttarakhand. Six companies including one from China are planning to invest in the industrial estates of Sitarganj and Jaspur, which will also generate employment for around 10,0…
GST Bill likely to pass in Monsoon session; SMEs bullish on the turn around
With the Monsoon Session kicking off, small and medium business players seem enthused by the likeness of Goods and Services Tax (GST) Bill being passed by the Parliament. The NDA government has sought an all-party support in the passage of this long-pending bill, which seeks to create a uniform i…