Marble Industry Gst

It is estimated that over 50 000 crore is invested in the marble industry in the state.

Marble industry gst.

In a letter to finance minister arun jaitley jigani granite. So marble traders went on strike to reduce the gst rate from 28 to 5. The gst or goods and services tax council will examine the concerns of trade and industry regarding the rates and the new indirect tax regime will be implemented from july 1 union. Granite and marble industry has sought review of gst rates on the sector as high taxes would impact its growth.

According to the reports of the state department of mines and geology there is a huge 30 shortening of workers from the past years while the productions also got hit by 12 straight after the implementation of gst. Since gst resume came then 28 per cent was imposed the tax was very heavy. Mukesh khetan director of khetan tiles expressed his view to india today the condition of the marble industry is very bad since the time this gst pattern of government has come. Marble mining and trading industry is back in action.

New delhi jun 19 pti granite and marble industry has sought review of gst rates on the sector as high taxes would impact its growth. Now with the gst on marble fixed at 28 from the current tax rate of 5 under the new indirect tax regime marble industry is sure to meet its end claimed traders who raised slogans during the. In a letter to finance minister arun jaitley jigani granite industries owners welfare association said the gst council has imposed 28 per cent tax on the granite polished slabs which is beyond the sustainable level of the industry. When there was vat on marble then the taxation was 5 per cent.

Gst rate of 28 can kill this industry. The owners of the marble factories tuesday closed down units in protest against the heavy general sales tax imposed by the federal government addressing a press conference at the rashakai. But now everything is normal.