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GST on
Textile Industry
The textiles and apparel industry in India contributes 2% to India's GDP, constitutes about 13% of country's export earnings and accounts for about 10% of manufacture. Overall GST seems to be in line with the expectations industry had envisaged.

GST will bring in greater convenience for the e-commerce sector as it promises standardization for online marketplaces. GST is based on 'one tax, one market' concept which is expected to be a big welcome step. It is a promising standardization for online marketplaces to make e-commerce even more convenient. Once GST comes into full effect, e-commerce sector would be structured well and the way forward will be easier.
Unorganized sector struggles to adopt GST
Unorganized players constitute over 80 percentage of India's retail market.
GST Impact: 22%-25% Price Hike in Textiles during Durga Puja
With 5% GST on fabrics, Durga Puja sales spree may take a hit this year as textile prices are expected to shoot up by nearly 22%-25% in West Bengal.
GST will boost revenue, positive for India’s credit profile, says Moody’s
The US ratings agency said that over the medium term, GST will contribute to productivity gains and a higher GDP growth.
Download XSTOK’s Textile GST Calculator App
Calculating inter/intra state GST, testing your GST compliance, finding out rate/tariff, HSN and SAC codes is now possible at just a few clicks!
Download XSTOK’s Textile GST Calculator App
Calculating inter/intra state GST, testing your GST compliance, finding out rate/tariff, HSN and SAC codes is now possible at just a few clicks!
Our GST Experts
I am a finance professional with over 14 year’s minds-on experience in the finance domain. I hold a Bachelor of Commerce degree from Mumbai University and an MBA in Finance.

At XSTOK I am responsible for financial planning. I have worked extensively on direct and indirect taxation in the course of my career and acquired knowledge and understanding of Indian Taxation.
I am a qualified Chartered Accountant and have over 5 years of experience on process and controls. I specialize in Internal Audit. Have carried out several assignments for Due Diligence and Amalgamation of Companies.

At XSTOK I am responsible for end to end transaction management, direct and indirect taxation and internal control and process.

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