• Download mobile app
25 Mar 2019, Edition - 1350, Monday

Trending Now

  • Robert Vadra bail plea hearing adjourned, ED asked to file reply to Vadra’s plea
  • Jharkhand RJD State president Annapurna Devi to join BJP today.
  • Karnataka transport department set to revoke Ola ban today
  • Congress to take final call on alliance today in Delhi
  • Congress to release manifesto tomorrow

Coimbatore

TN urged to bring down job order GST to 5 p.c.

Covai Post Network

COIMBATORE: Coimbatore District Small Industries Association (CODISSIA) on Thursday urged the Tamil Nadu Government among other things to bring down job order GST from 18 per cent to five per cent, as was done to the textile industry, to save the sector from working capital shortage.

These MSMEs do not have any land or building and hence mortgage to the bank are not possible for getting additional funds, it said.

In a memorandum submitted to State Fisheries Minister D. Jayakumar regarding issue faced by MSMEs from the GST, CODISSIA President R Ramamurthy suggested refund for pump manufacturing and to increase the minimum limit of Rs. 1 lakh to at least Rs. 2 lakh in E-way bill.

On composition scheme, though the increase of limit from Rs. 75 lakh to Rs.1.5 crore, was an excellent decision, the MSME request the GST Council to include job order and service industry into the scheme otherwise more than half of the MSMEs will not sustain, Ramamurthy said.

Subscribe To Our Newsletter

COIMBATORE WEATHER