ITF Hailed The Revision Of Job Work Rates

Indian Texpreneurs Federation (ITF) which hailed the revision the job work rates, it was announced earlier that the textiles, leather and gems and jewelry sectors from 5% to 8% it was reported by the PTI. Prabhu Dhamodharan ITF Secretary requesting for the reduction and it was done in the GST meeting.

Textile Minister Smrithi Irani and the Finance Minister Arun Jaitley thanks for the reduction, it will help in the SME clusters like Tirupur, Coimbatore, Erode and Karur it while in the tax net and it will contribute to the nation by taxes. It shows the willingness of the government for the manufacturing sector.

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