Comprehensive Excise Solutions for Ready Made Garments, Which Makes It Easy for Companies to Manage Compliance, Regulatory Norms and Operations
Udyog once again is ready to help the Garment industries with Excise solutions. In 2003 Udyog provided end to end solution from Yarn to Readymade Garments for Excise. In the present Budget, the optional scheme for payment of excise duty on readymade garments & textile made ups (which bear brand name or sold under a brand name) has been withdrawn & an excise duty @ 10% has been imposed on such goods.
GST in INDIA: End of the Road or Beginning of the Journey
Goods & Service tax (GST) is the most talked about topic in the field of indirect taxation today in India. Everybody is keenly waiting for the proposed GST draft which will replace the existing system of VAT in India. The central government wants the GST to be implemented in India by 1st April, 11. Although there are & will be been many hurdles which are to be crossed before GST is implemented.