Commercial Guide to GST on Textile By Madhukar N Hiregange, Roopa Nayak, Yash Shah Edition April 2025

Guide to GST on Textile By Madhukar N Hiregange Roopa Nayak

Guide to GST on Textile By Madhukar N Hiregange Roopa Nayak

About Book:

The objective of these book titled Practical Guide for GST under Textile Industry in India is to be a comprehensive resource designed to help taxable persons, practitioners, and industry stakeholders navigate the complexities of Goods and Services Tax (GST) in the textile sector. The textile industry, one of India’s oldest and most significant economic contributors, has faced complex taxation challenges since the introduction of GST in 2017. With over seven years of GST implementation, frequent amendments and evolving interpretations have added layers of intricacy to the tax structure. The book delves into sector-specific issues, covering manufacturers, traders, job workers, service providers, and exporters-offering clear guidance on tax implications, compliance procedures, and best practices.

It covers key conceptual aspects such as classification, Input Tax Credit (ITC), place of supply, time of supply, reverse charge mechanism, and transitional provisions. Additionally, the book delves into critical areas like imports, exports, Special Economic Zone (SEZ) supplies, and Foreign Trade Policy (FTP) incentives.

Beyond compliance, this guide also offers value-added insights into dispute resolution, departmental actions, and strategic tax planning, making it an essential reference for professionals seeking practical solutions and informed decision-making.

HIGHLIGHTS OF THE BOOK:

• In-Depth Practical Analysis –A detailed examination of GST provisions specific to the textile industry, supported by relevant landmark judgments.
• Common Issues & Solutions – Addresses real-world challenges faced by industry players, including inverted duty structures, compliance burdens, and varying tax rates across the textile value chain, while providing actionable solutions.
• Impact of GST on the Value Chain – Examines GST’s implications on different aspects of the textile supply chain, from raw material procurement to finished product distribution, and its effect on cash flow, input tax credit utilization, and compliance requirements.
• Strategic Tax Planning– Offers practical insights into tax-saving opportunities, dispute mitigation strategies, and compliance best practices tailored to textile businesses.

Latest Amendments & Budget 2025 Updates – Covers recent regulatory changes, including key amendments by Finance Act, 2025, ensuring up-to-date guidance for industry stakeholders.

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