Bizmen to approach GST council, resent non-payment of refunds : The Tribune India

Join Whatsapp Channel

Bizmen to approach GST council, resent non-payment of refunds

JALANDHAR: Members from Jalandhar-based rubber goods industries are planning to approach the Goods and Services Tax (GST) council as they claimed that they were not getting GST refunds for long.

Bizmen to approach GST council, resent non-payment of refunds

Members from rubber goods industries of Jalandhar have recently raised their issues with the Finance Minister and the Industries Minister. file photo



Jalandhar, November 27

Members from Jalandhar-based rubber goods industries are planning to approach the Goods and Services Tax (GST) council as they claimed that they were not getting GST refunds for long.

The members had recently approached the Finance Minister and the Industries Minister and had also raised their concern that they were not getting their refunds. They had also shared issues the industry was facing due to the implementation of the GST.

RK Gandhi, adviser, Jalandhar Rubber Goods Manufacturer Association, said the difference of rates in the GST on raw material and finished goods was accumulating trouble for the manufacturers.

“When the GST on the raw materials such as natural rubber is 5 per cent, packing material, it is 12 per cent, and on chemicals 18 per cent, but on finished goods i.e. rubber footwears, it is only 5 per cent,” he said.

The manufacturers rued the fact that this difference was drying up their capital, thus making almost impossible for them to continue manufacturing for some more time.

Explaining about the issue, the manufacturers said they were supposed to pay Rs 113 on purchase of raw material and get only Rs 105 on sale of their product. Thus, the difference of around 8 per cent of GST is to be refunded to them by the government, which they are not getting.

Notably, since the implementation of the GST (July 1, 2017), the manufacturers of various industries, be it pipe fitting, rubber, or others, are in a bad state. — TNS

Top News

Government to observe June 25 as ‘Samvidhaan Hatya Diwas’ to commemorate Emergency

Government to observe June 25 as ‘Samvidhaan Hatya Diwas’ to commemorate Emergency

Development comes at time when Constitution of India has eme...

Ruling Mahayuti alliance sweeps Maharashtra Legislative Council election

Ruling Mahayuti alliance sweeps Maharashtra Legislative Council election

BJP wins 5 seats, allies Shinde-led Sena and Ajit Pawar's NC...

Supreme Court grants interim bail to Arvind Kejriwal in money-laundering case linked to excise policy 'scam'

Supreme Court grants interim bail to Arvind Kejriwal in money-laundering case linked to excise policy 'scam' Supreme Court grants interim bail to Arvind Kejriwal in money-laundering case linked to excise policy 'scam'

However, Kejriwal will continue to be in Tihar Jail as he ha...

Nepal PM Pushpa Kamal Dahal ‘Prachanda’ loses vote of confidence in Parliament

Nepal PM Pushpa Kamal Dahal ‘Prachanda’ loses vote of confidence in Parliament

Prachanda received 63 votes in 275-member House of Represent...


Cities

View All