India’s new simplified return forms for goods and services tax (GST) will be rolled out from April 1 next year, revenue secretary Ajay Bhushan Pandey recently said. Confident about achieving the budgeted target for GST collection, he said the refund process is being further streamlined to make it completely online and friendly for taxpayers. Pandey was speaking to reporters on the sidelines of the Directorate of Revenue Intelligence (DRI) foundation day. In the first eight months (Ap

Courtesy: PG Denim PG Denim is presenting its many novelties on the stage of the first Denim Premiere Vision London, in booth F31, on December 5 and 6, 2018. Led by the visionary mind of Paolo Gnutti, a true R&D denim head and a real explorer of the many faces of indigo fabric, the denim company is displaying its brand new collection during the prestigious event. PG Denim is a project born out of the idea of creating new paths for denim, going beyond traditional borders while staying co

Bangladesh’s National Board of Revenue recently exempted four services of the export-oriented readymade garment (RMG) sector from value-added tax (VAT). The services are expenditure for workers welfare and entertainment, laboratory test fee, information technology (IT)-enabled services and rent-a-car facility. VAT ranged from 5-15 per cent for the services. The decision followed demands from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manu

As many as 250 executives from 125 organisations participated at the summit by the Americas Apparel Producers' Network (AAPN). The apparel summit discussed about the new strategic textile investments focusing on synthetic knits. This meeting involved more planning, logistics and people than any event in the AAPN's 37-year history in the apparel industry. The summit's keynote speaker Simon Mainwaring, founder of We First, a leading brand, spoke about 'purpose-based branding’ which is exactly w

Courtesy: London textile fair The London Textile Fair (TLTF) 2019 edition is set to focus on Spring/Summer 2020 pre-collections. With more than 470 exhibitors, TLTF is the UK’s premier platform for fashion fabrics, clothing accessories, print studios, and vintage garments. The leading textile trade fair will be held on January 9 and 10, 2019, at the Business Design Centre, in London. Around 500 exhibitors will showcase their collections this January 2019, with includes large numbers of Euro

Courtesy: Abercrombie & Fitch Abercrombie & Fitch Co, a leading global specialty retailer of apparel and accessories, has reported net sales increase to $861 million, despite adverse impacts from the calendar shift and foreign currency. The gross profit rate of the company was 61.3 per cent, flat to last year, and down approximately 40 basis points on a constant currency basis. Stores and distribution expense was $371.9 million, down from $375.9 million last year, as expense reductio

A Sakthivel, vice chairman, AEPC & regional chairman, FIEO, speaking at the event Fashion changes every two weeks today, unlike every four seasons in the past, drastically shrinking the farm-to-shop floor lead time, said deputy chairman, CII southern region at the ongoing WEAVES, South India's first mega textile fair. About 250 exhibitors are presenting a wide range of the textile industry – from fabrics to weaving machines.The four-day programme will conclude on Saturday in Erode. The

Courtesy: BibaBrand: Biba Company: Biba Location: Rajpur Road, Dehradun Area: 2300 sq ft Product profile: The store stocks brand’s recently launched autumn-winter 2018 collection, as well as latest festive collection which includes the salwar-kameez-dupatta, ethnic mix & match kurtas, ready to stitch fabrics and a lot more. The store also has separate section for Biba Girls. About the company: Biba, a synonym for pretty women in Punjabi, was started by Meena Bindra in Bombay in

Over 200 companies from 9 countries are exhibiting at the ongoing Iran’s international exhibition of Textile Machinery, Raw Materials, Home Textiles, Embroidery Machines and Textile Products (IRANTEXT). The exhibition is showcasing modernisation in production lines, updating methods and building new relations while maintaining the existing ones.The participants from Iran are presenting their updated designs depicting the Iranian and Islamic culture. All the stakeholders in the textile supply

Swedish fashion firms that include KappAhl, H&M, and Peak Performance, are supporting the UN’s Fashion Industry Charter on Climate Action. With the initiative Swedish Textile Initiative for Climate Action (STICA), the firms will help to reduce their climate impact by at least 30 per cent by 2030, in line with the Fashion Industry Charter on Climate Action. The purpose of STICA is to support the Swedish fashion and textile industry in its efforts to reduce its climate impact and stimulate