GST, weak demand, falling exports continue to hound branded apparel makers

Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read more GST, weak demand, falling exports continue to hound branded apparel makers

GST in Budget 2017 may make branded apparels expensive

If you have been thinking of revamping your wardrobe this Spring Summer, you ought to check upon your wallet because the introduction of GST (Goods and Service Tax) may bump up the price of branded apparels. If the industry veterans are to be believed, there would be a 3-4% rise in the prices readymade apparels … Read more GST in Budget 2017 may make branded apparels expensive