On July 19, the central government announced that it may act in favour of the manmade fabric (MMF) sector to address its issues with the goods and services tax (GST) and will make a decision by July 21.
As part of the ongoing investigation into the alleged Rs 3,000 crore ($450.9 million) diamond import fraud, three IRS officials have been transferred out of Mumbai where the import scam is believed to have taken place.
A group of state finance ministers in India have agreed to put off goods and services tax discount on digital payments. The ministers said they back the idea, but need time due to the current revenue situation.
The value fashion, personal care, and other FMCG retailer V-mart has profited from the introduction of the GST and its organisation of the rural retail market- just the place where V-mart is expanding.
As many as 1,138 brands in various categories including menswear, womenswear, kidswear and accessories will present their festive range at the 67th edition of the National Garment Fair starting from July 16 in Mumbai.