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GST will not affect textile business: Khattar

Haryana CM Manohar Lal Khattar said that GST is not going to affect the textile business. “Textile has been placed in the slab of 5 per cent under the GST. Presently, there is an embedded tax of central excise duties of 3.38 per cent and 2.8 per cent of VAT on cotton yarn,” he said. Therefore 5 percent tax on ... Read More »

IKEA to sell rugs & textiles created by Syrian Refugees

The world’s leading furniture manufacturer, IKEA has announced yesterday that it would be selling rugs and textiles created by the Syrian refugees. As we now by now that the Assad led Syria is under the scrutiny of US and other nation for allegedly using the chemical weapons, the news comes as a shocker to political leaders and others. Speaking about ... Read More »

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