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Finance Ministry

21 Nov 2021

Finance Ministry notifies 12% GST on manmade fibre, yarn, fabrics from Jan 1

Tax on MMF, MMF yarn and MMF fabrics is 18 per cent, 12 per cent and 5 per cent, respectively. The taxation of inputs at higher rates than finished products created build up of credits and cascading costs. The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, had in its previous meeting on September 17.

16 Mar 2015

Aditya Birla fabric unit eyes Rs 1,000 cr revenue in 2 yrs

Leading linen fabric-maker Jaya Shree Textiles, a unit of Aditya Birla Nuvo, is aiming at Rs 1,000 crore revenue from its linen, yarn and fabric business in next two years.

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