Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: cpt :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment
 
 
General »
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman
 Filing income tax returns is not enough, you need to link Aadhaar with PAN before deadline ends
 If you don't link Aadhaar, PAN by Aug 31, your ITR won't be processed

FICCI: Technical textile industry deserves tax sops
December, 27th 2010

Growth-supportive sops, including tax incentives, should be given to exploit the huge potential of the country's technical textiles industry, which is in a nascent stage, the Federation of Indian Chambers of Commerce and Industry (FICCI) says.

Technical textiles, used for various applications like, geotextiles, hygiene, medical, protective clothing, automotive, industrial, agrotech and fire retardants, should be kept out of the ambit of goods and services tax (GST) for at least two years, FICCI said in its recommendation to the ministry of textiles.

The industry lobby proposed inclusion of the industry under Special Product Focus Scheme for exports, correction of inverted duty structure, fixing drawback and DEPB rates for new products.

In its recommendations to the textiles ministry for taking up the issues with the finance ministry, FICCI also proposed duty free import of speciality fibres and yarns not produced in India in addition to reduction in excise duty on man-made fibres and yarns from 10 percent to four percent.

"Technical textiles have high potential for exports and there is a need to incentivise such products and sectors under the Special Focus Product Scheme of foreign trade policy, which would make them eligible for the grant of duty credit scrips equivalent to five percent of free on board (FOB) value of exports," FICCI said in a statement Sunday.

Currently, these items are included under the focus products scheme only which entitles them for a duty scrip of two percent, it said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions