-The Hindu Plastic recyclers protecting margins by paying less for waste plastic Bengaluru: As the nation ushered in the Goods and Services Tax (GST) on July 1, no one would have imagined that it might have adverse consequences for the environment. But with the tax rate on recycled plastic shooting up from 5.5% to 18% post-GST, ragpicking as a livelihood seems to be turning unviable, with attendant impact on the urban environment. Take...
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GST effect: Fate of Ludhiana plywood industry hangs in balance -Sumeer Singh
-Hindustan Times Ever since the goods and services tax (GST) was brought to force, there has been a 60% fall in the demand for plywood, owing to the tax rate of 28% on furniture goods. Situated on the outskirts of Ludhiana city in Hambran, is a small plywood manufacturing unit. Until last month, the manufacturing unit had a 110-strong workforce. But now the owner, Wazir Sood, has temporarily laid off 70 workers....
More »Higher GST on pesticide to affect farmers: Industry
-IANS NEW DELHI: Imposition of 18 per cent rate on pesticides under the Goods and Service Tax (GST) system has become a cause of worry not only for farmers but crop protection product manufacturers as well. Manufacturers say it will increase agricultural input costs, putting additional burden on farmers as use of pesticides is essential owing to its role in controlling pest and increasing productivity. As the current farming season is at...
More »Register with GST, don't wait till July 30 deadline: Govt to traders
-The Times of India NEW DELHI: The government urged traders on Saturday to register for the goods and services tax (GST) soon, and not wait for the July 30 deadline. If one is owns a business with an aggregate turnover exceeding Rs 20 lakh in the preceding financial year (Rs 10 lakh in special-category states), they will need to register in all the states and Union territories to which they make...
More »Surat Textile Traders on Indefinite Strike Against GST -Damayantee Dhar
-TheWire.in The traders have incurred a loss of over Rs 5000 crore in the last 22 days, while 15 lakh labourers have lost their jobs due to the shutdown. Surat: On July 8, Surat, the economic capital of Gujarat, witnessed an unprecedented protest against the new tax regime, the Goods and Service Tax (GST). Texile traders swarmed a three-km stretch on the Ring Road, which holds city’s main textile market, on a...
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