Surat textile traders are appealing to wholesalers and retailers across the country to make timely payments for purchased goods instead of returning them. FOSTTA has received complaints about delayed payments and goods being returned, causing panic in the textile trade.
Textile traders from Surat met FM Nirmala Sitharaman to raise concerns over new payment norms in the Income Tax Act. Weaving industry players support the norms, while textile retailers across the country have stopped buying from Surat traders. Surat's weaving industry leaders oppose the demand for extending the payment time limit.
Textile traders from Surat met FM Nirmala Sitharaman to raise concerns over new payment norms in the Income Tax Act. Weaving industry players support the norms, while textile retailers across the country have stopped buying from Surat traders. Surat s weaving industry leaders oppose the demand for extending the payment time limit.
Madhya Pradesh's agro and textile products under the ODOP scheme have expanded their reach to Middle East countries and Bangladesh. The government is now looking to tap into unexplored markets to boost exports from the state.
Surat’s textile traders will be going to New Delhi on Wednesday to share their concerns over the new payment time limit norms included in the Income Tax Act with the Union Finance Minister Nirmala Sitharaman. Find out more about this meeting and its implications.