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Post GST the tax rate on gold stood at 12.2% which comprised of 10% customs duty, 1% excise duty and 1.2% VAT. The effect of GST has reduced the cost gap between organized and unorganized players of the industry.
What makes Eastern India a centre of business and franchise? Let’s read on..
Most of the brands depend on their stock in their warehouses. Having an organized warehouse management system is very crucial r to maintain smooth order outflow.
The immediate effect of GST has brought transparency in term of taxation, capital flow and smoothness in inter-state business
India is the second largest producer of footwear only second in the global list after China, producing approximately about 9% of the global annual production.
Venkta pointed out that India has 30% population aged less than 14 years and the kids wear segment has a 20% approximate share in the apparel market which is predicted to grow at 25% by 2026.
Keeping in mind the plus size customer base, many brands have now started producing plus size apparels in various styles, shapes and colours.