VOL.17 ISSUE 8
A Techno-Informative Magazine
August 2017
Contents
EDITORIAL & CORRESPONDENCE Regular Coloumn
40/76, LGF, C.R. Park, New Delhi - 110 019.
Tel.: 011-4678 0023 18-20 Editorial 22-24 Apni Baat
Email : plyreporter@plyreporter.com
260 Fair News 264 Horoscope 265 Advertisers Index
ADVERTISING
Tel.: +91-9310612999,
E-mail: devplyreporter@gmail.com
News Watch
CONTENT
Tel.: +91-93106 12993 26 I STRICT CHECKING ON ROADS BY dsjy o gfj;k.kk esa LDokM }kjk
E-mail: plydata@gmail.com SQUAD IN KERALA, HARYANA lM+dksa ij dM+h tkap
SUBSCRIPTION / CIRCULATION 28 I Ply-boards demand contracts by IykbZ&cksMZ dh ekax tqykbZ esa 50
Tel.: 011-46780023 50 percent in July frkr rd ?kVh
Mob.: +91-93106 12995 / 2
30 I Cheque-rich dealers get more psd&le`) MhylZ dks th,lVh ds ckn
E-mail: subscription@plyreporter.com discounts post GST fey jgh gS vfrfjDr NwV
ACCOUNTS
32 I Haryana issues new licences for gfj;k.kk us tkjh fd;k IykboqM
Tel.: +91-93106 12996 plywood units bdkb;ksa ds fy, u;k ykblsal
E-mail: bigseamarcomindia@gmail.com
34 I Greenply revenue dips during vS y ls tw u frekgh es a xz huIykbZ ds
www.plyreporter.com April to June Quarter jktLo es a fxjkoV
36 I Fibre Cement Board (FCB) firms up Qkbcj lhes a V cks MZ cu jgk oq M iS u y
as an alternative to wood panels dk etcw r fodYi
38 I Baggase Particle Board gains cxkl ikfVZ dy cks MZ us cuk;k oq M
over wood ij c<+ r
Contents Contents
166-174 Cover Story 144-152 One 2 One
-Mr. Keshav
Bhajanka, Director,
Century Plyboards
(India) Ltd
154-156 Interview
Mr Yatin Maheshwari
of Plybank India Pvt Mr. Mahabir Gupta & his son Mr .Niraj
Ltd , Agra, UP Gupta of Sun N Ply, Kolkata
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The Ply RePoRTeR august 2017
Contents Contents
AIPMA MEET
AIPMA 1st EXECUTIVE BODY MEETING HELD IN DELHI, Pg.
GST FOR AGRO BASED PLYWOOD 188
MUST COME DOWN: AIPMA
Event Watch
Industry observesbags
Stylam Industries Bandh, Sought
Indias for GST
greatest SRG organises 3rd All India dealers meet Alstones seminar in
reduction and abolition
brands & leaders of Mandi
2015-16 award Tax UMANG in Goa, unveils five new products Rewari (Haryana) and Kerala
Technical Update
267 Effect On Veneer Properties Due
To Excessive Drying Of Veneer Used For
Manufacturing Of Woodbased Panels
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The Ply RePoRTeR august 2017
T
he biggest change GST has brought in to Wood panel Trade is everyone has
Pragat Dvivedi, Founder Editor learnt to pass on the tax to next level theoretically. The change in mindset is
phenomenal and it is acting as a cleansing agent in itself. The biggest benefit
wood panel industry has witnessed in last 30 days is Traders have come to terms to
charge taxes extra from customers which is the desperately awaited change GST
The biggest benefit has brought in. In just 30 days, people are heard saying, GST means Work with bill,
wood panel industry Work in books, Work with cheques and Work with timely Paymasters. The Gyan of
has witnessed in last organized working seems to have penetrated Jugaadu minds when they realized
30 days is Traders two simple truths:
have come to terms to 1. Business ought to be GST way or no way
charge taxes extra from
2. Why to manipulate when buyer is paying tax? The magic of Input has
customers which is the
Editorial
Pragat Dvivedi
Founder Editor
www.plyreporter.com Mail to dpragat@gmail.com, ( M) 9310612991.
The Ply RePoRTeR august 2017
laikndh;
buiqV ds jgL; us iwjs flLVe dks cny fn;k
dk eryc gS fcy esa yksx] th,lVh dh ckr ugha djsaxs] cfYd VsM esa DokfyVh vkSj csgrj lfoZl dh ckr gksxhA
lHkh ekspsZ ij csgrj ifj.kke nsus ds ncko ds lkFk] oqM iSuy baMLVh fu[kj dj vk,xh vkSj
dke] ikjnkhZ [kkrk cgh]
500 djksM+ :- VuZvksoj okys dbZ O;kikfjd ?kjkus iSnk gks tk,xsaA flracj vkrs vkrs] cktkj esa
psd esa dke vkSj vPNsa vkod rst gksxh] ftlls m|fe;ksa dk fookl etcwr gksxkA bl okD; dks i<+rs oDr vki bl
isekLVj ls O;kikjA ckr ls t:j lger gksaxs] D;ksafd okLrfod [kjhnnkj yacs le; rd] viuh [kjhn dks ugha Vky
ldrk gSA u, rjhds dk tYn viukuk vkSj O;kikj dks rsth ls foLrkj djus ls gh O;kikj esa
20 mEehn ls igys okilh gksxhA
losZ ds nkSjku esjh fofHkUu yksxksa tSls fjVsylZ] VsMlZ] fMtkbulZ] fcYMlZ] QsczhdsVlZ vkSj dkWVSDVlZ
ls ckrphr esa ;s lkQ fn[krk gS fd Hkkjrh; cktkj] lHkh mRikndksa ds izksMDV~l dh [kir djus
dh {kerk j[krk gS] ckrsZ os rsth ls cnyko dks viuk,a] viuh n{krk vkSj DokfyVh dks c<+k,a]
MhylZ ds lkFk csgrj laca/k j[ksa vkSj lHkh ds fgr dk [k;ky j[ksaA vkWxZukbt ofdZax c<+us ls
NksVs mRiknd] vc lh/ks MhylZ dks esVsfj;y nsxsa] tks igys dbZ psu ds rgr mUgsa igqaprk FkkA
feM lkbt czkaM ds fy, oDr vPNk gS] tSls os vius usVodZ dk foLrkj djsa] DokfyVh mRiknu
esa fuosk djsa] csgrj lfoZl nsa vkSj fjVsy xzkgd dks larqV j[ksaA
th,lVh jsV dks de djus ds fy,] IykboqM lsDVj dh igy ij th,lVh dkafly us 28 ls 18
Qhlnh djus ds fopkj dks Lohdkj dj fy;k gSA 9 flracj dks dkafly dh vxyh cSBd esa IykboqM
ij jsV de gksus dh laHkkouk cu xbZ gSA gkykafd th,lVh 28 gks ;k 18] eSa ;s oknk dj ldrk gwa
fd fcfYMax esVsfj;y lsDVj esa lQy gksus dk QkWeZwyk gS] geskk ,fDVo jgsa] ikWftfVo lkspsa vkSj vius
vfLrRo dks cuk,a j[ksaA vxj MhylZ dh vkenuh dks /;ku j[krs gS]a rks ,d mRiknd dHkh Qsy ugha
gks ldrkA cM+h daifu;ksa dks Qk;nk gksxk] ysfdu vxj lgh izkM s DV DokfyVh vkSj flLVe ls dke
djus okys lHkh mRikndksa dk vfLrRo cuk jgsxkA Hkkjrh; O;kikj] ,d ncko esa pyus okys dkjksckj
ds :Ik esa tkuk tkrk gS] tks dM+h esgur vkSj vPNs fjrs ls c<+rk gS] vkSj ;s rF; ;gka ds ifjosk
esa dHkh [kRe ugha gksxk] Hkys gh fdrus Hkh u, dkuwu vk tk,aA
vius cktkj dks vixzsM djsa] vkSj foLrkj djsa] tkudkjh ls ycjst n~ IykbZ fjiksVZj ds gj iUus
dk [kqkh iwoZd ykHk mBk,aA
izxr f}osnh
Mail to dpragat@gmail.com, (M) 9310612991
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The Ply RePoRTeR august 2017
I
ndias real estate sector is witnessing slow growth due to less housing
demand since last 2-3 years. It has also affected the entire building
material and wood panel products segment. But it is evident that the
Rajiv Parashar, Editor Doors demand has witnessed robust growth in this period. It is a fact that
doors market is not dependent only on big projects but also has a wide
acceptance in rural markets. Apart from this, huge quantity of doors is being
consumed in renovation and replacement purpose that is also unaffected
In GST regime, Doors
from the slowdown in housing sector. Awakening the role of architects,
will be the most worthy interior designers, builders and users, new variety of door offerings are also
wood panel products driving its demand. UP, MP, Bihar, Odisha, Jharkhand, Chhatisgarh, WB, North
if producers invest on East states, AP, Maharashtra etc consume huge quantity of flush doors but
there is hardly any dedicated distributors/dealers for this product although
infrastructure, quality,
apni baat
it attracts decent profit margin. Laminate door skin is also driving the Flush
product promotion Doors sector growth but it is needed to improve quality for further growth.
and awareness drive. The Ply Reporter has started a survey on Indias Doors demand and its
Off late, witnessing potential markets. The feedback indicates that Doors are not much promoted
the potential some as individual brand entity except from few, such as Kalpataru, Century Doors,
Mikasa Doors, Timex Doors, Dormak, Corbett, Geeta, Elegent, E-doors,
companies such as
22 Minimax etc. Some others organized and mid segment companies are also
Century Ply has tied producing approx 400 to 500 doors per day but they dont have separate
up with a Chinese marketing vertical. In Northern India approximately 25 ply-board factories
company for making are making 250 to 300 doors per day and another 50 units are producing 100
to 150 doors per day. But 95% of door producers are not serious about their
high quality doors,
infrastructure which keep this category fragmented and unorganized.
Greenlam and Greenply
Non-standardization is said to be the biggest hurdle for door sector to grow
have invested in exponentially. In GST regime, Doors will be the most worthy wood panel
doors sector, Space products, if producers invest on infrastructure, quality, product promotion
Wood has signed and awareness drives. Off late, witnessing the potential some companies
such as Century Ply has tied up with a Chinese company for making high
an agreement with
quality doors, Greenlam and Greenply have invested huge in doors sector,
Japanese Company, Space Wood has signed an agreement with Japanese Company, etc. The
etc. The changing changing market condition reveals a fact that the doors continuous demand
market condition can be capitalized in future.
reveals a fact that the In this issue, there is a cover story on 30 Days after GST! with a complete
analysis of GST impact on wood panel trade after a month. The issue has One
doors continuous
2 One interaction with Mr. Keshav Bhajanka, Director, Century Ply, who is very
demand can be much optimistic about the organized sector growth in GST regime. A talk with
capitalized in future. Mr. T K Salim, MD of Greenland Particle Board based in Kerala is worth reading
for Particle Board Industry and trade People. Besides, lots of industry and trade
related news, AIPMA meeting and many more happenings have been given.
Write us and assure your presence in The Ply Reporters coming up
Doors Special Issue!
Happy Independence Day!
Rajiv Parashar
(I appreciate your feedback. Write at plydata@gmail.com or SMS on 93106 12993)
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The Ply RePoRTeR august 2017
viuh ckr
MkslZ% oqM iSuy lsDVj ds fy, vlhe laHkkouk,a
dqN daifu;ka tSls lsapqjh xfr ns jgk gS ysfdu vkxs c<+us ds fy, bldh xq.kokk esa lq/kkj dh vko;drk gSA
IykbZ us mPp xq.kokk n~ IykbZ fjiksVZj us Hkkjr esa Mksj dh c<+rh ekax vkSj blds laHkkfor cktkjksa ij ,d losZ{k.k kq: fd;k
okys Mksj cukus ds fy, gSA QhMcSd ls irk pyrk gS fd dqN fuekZrk tSls dYir:] lsapqjh MkslZ] fedklk MkslZ] VkbesDl
phu dh daiuh ds lkFk MkslZ] Mksjed] dcsZV] xhrk] ,fyxsaV] bZ&MkslZ] fefueSDl bR;kfn dks NksM+dj MkslZ dks ,d vyx czkaM
djkj fd;k gS] xzhuySe ds :i esa mrkjk ugha tkrk gSA dqN vU; laxfBr vkSj e/; lsxesaV dh daifu;ka fr fnu yxHkx
400 ls 500 njokts dk mRiknu djrh gSa ysfdu muds ikl Hkh bl izksMDV dks izkseksV djus ds fy,
24 vkSj xzhuIykbZ us bl
vyx ekdsZfVax oVhZdy ugha gSA mkjh Hkkjr esa yxHkx 25 IykbZ cksMZ dkj[kkus fr fnu 250 ls 300
lsDVj esa Hkkjh fuosk njokts cuk jgs gSa vkSj 50 ;wfuV fr fnu 100 ls 150 njokts dk mRiknu dj jgh gSaA ysfdu Mksj
fd;k gS] LisloqM us MkslZ mRikndksa dk 95 Qhlnh vius cqfu;knh <kaps dks flQZ njokts cukus ds fy, xaHkhj ugha gSa] ftlls
ds fy, tkikuh daiuh njoktk lsDVj vc rd [kafMr vkSj vlaxfBr cuk gqvk gSaA
ds lkFk ,d le>kSrs ij xSj&ekudhdj.k Hkh Mksj lsxesaV dks rsth ls ugha c<+us nsus ds fy, lcls cM+h ck/kk ekuk tkrk gSA
gLrk{kj fd, gSaA cnyrs th,lVh kklu esa] mRiknd ;fn cqfu;knh <kaps] xq.kokk] mRikn ksRlkgu vkSj tkx:drk vfHk;ku
cktkj dh fLFkfr ls ;g ij iwath fuosk djrs gSa rks Mksj lcls vPNs oqM iSuy mRiknksa esa ls ,d cu ldrk gSA gkykfd] Hkfo;
irk pyrk gS fd Hkfo; dh lEHkkouk dks ns[krs gq, dqN daifu;ka tSls lsapqjh IykbZ us mPp xq.kokk okys Mksj cukus ds fy,
esa njokts dh fujarj phu dh daiuh ds lkFk djkj fd;k gS] xzhuySe vkSj xzhuIykbZ us bl lsDVj esa Hkkjh fuosk fd;k gS]
ekax dk Hkjiwj ykHk LisloqM us MkslZ ds fy, tkikuh daiuh ds lkFk ,d le>kSrs ij gLrk{kj fd, gSaA cnyrs cktkj dh
mBk;k tk ldrk gSA fLFkfr ls ;g irk pyrk gS fd Hkfo; esa njokts dh fujarj ekax dk Hkjiwj ykHk mBk;k tk ldrk gSA
bl vad esa th,lVh ds 30 fnu ckn fok; ij ,d doj LVksjh gS] tks th,lVh ds ,d eghus ds
ckn oqM iSuy O;kikj ij blds Hkko ij l?ku foysk.k gSA lkFk gh lsapqjh IykbZ ds ;qok funskd Jh
dsko Hktudk ds lkFk m|ksx dh laHkkoukvksa ij [kkl ckrphr gS] ftUgksaus th,lVh esa laxfBr {ks=
ds fodkl ds ckjs esa cgqr vkkkoknh fopkj j[ksa gSaA dsjy fLFkr xzhuySaM ikfVZdy cksMZ ds ,eMh Jh
Vh ds lyhe ds lkFk ,d ckrphr esa ikfVZdy cksMZ m|ksx vkSj O;kikj ds yksxksa ds fy, i<+us ;ksX;
lkexzh gSA m|ksx vkSj O;kikj laca/kh dbZ lekpkj] ,vkbZih,e, dh cSBd vkSj dbZ vU; ?kVukvksa ij
foLr`r dojst lesr dkQh lwpuk,a gSaA
n~ IykbZ fjiksVZj dh vkus okyh ^MkslZ Lisky vad* esa viuh mifLFkfr dks lqfufpr djsa] gesa laidZ djsaA
Lora=rk fnol dh kqHkdkeuk,a!
jktho ikjkkj
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The Ply RePoRTeR august 2017
A
fter a month of No checking points and No vigilance jkT; ljdkjksa }kjk dBksjrk ls psfdax fd;k tk jgk gSA
squad on road, the strictness by state governments is ^vaMjfcfyax^ ;k ^vaMjoSY;w^ fMLiSp ds dbZ fjiksVZ vkSj
being tightened. After numerous reports and complaints fkdk;rksa ds ckn jkT; ljdkjksa us ,sls dke dks jksdus ds fy, l[r
of dispatches that are unreported in books or undervalued dne mBk;sa gSaA gfj;k.kk] iatkc vkSj mkj nsk ls ^vufjiksVsZM vkSj
the State Governments are taking strict measures to stop vaMjoSY;wM^ IykboqM vkSj cksMZ ds ckjs esa fofHkUu fjiksVaZ ds feyus ds
the practice. After various reports about unreported and
ckn] 5 vxLr ls lM+dksa ij l[r tkap kq: gks xbZ gSA
undervalued plywood and boards being dispatched from
Haryana, Punjab and Uttar Pradesh, the checking squads have gfj;k.kk ls kIr rktk tkudkjh ds vuqlkj] ^,Dlkbt ,aM VSDlsku^
begun their strict checking on roads since 5th August. dh Vhe us ;equkuxj ls Hksts x, R;sd Vd ds nLrkostksa dh tkap
According to latest inputs received from Haryana, the teams from kq: dj nh gSA lw=ksa ds eqrkfcd] gfj;k.kk ds ;equkuxj ls ckgj
Excise & Taxation have started checking documents of each truck fudyus okys jktekxksaZ ij ^vaMjoSY;wM^ ds vkjksiksa esa ntZu Hkj
that is being dispatched from Yamuna Nagar. As per sources, a xkfM+;ksa dks ^tkap ny^ }kjk idM+ fy;k x;k gSA fjiksVZ ;g gS fd
dozen of Lorries have been held by the checking squad on charges vkSj vf/kd ^psfdax nLrs^ dh rSukrh dh tk jgh gS tks okLrfod
of undervalue on the exit highways of Yamunanagar in Haryana. vko;d nLrkostksa vkSj i;kZIr ewY;kadu ds lkFk ugha ys tkus okyh
NEWS WATCH
There are reports of more checking squads are being deployed lkexzh dh tkap dj lht djsxkA bl igy ls mu fuekZrkvksa ds
who will check and siege the material which will be caught for not chp cgqr ?kcjkgV gS tks ^tkp eq lM+dksa^ dh ?kksk.kk dk ykHk ysus
carrying genuine required documents and adequate valuation.
dh dksfkk dj jgs FksA
There is lot of panic among those manufacturers who were trying
to take advantage of checking free roads. lw=ksa dk dguk gS fd okLrfod vuqikyu vkSj ewY; ds rgr lkexzh
The checking squad for genuine compliance and under value dh tkap vkus okys fnuksa esa iatkc vkSj mkj nsk esa Hkh dM+h gksus
material is expected to be tightened in coming days in Punjab and dh mEehn gSA ,vkbZih,e, ds v/;{k Jh nsosU pkoyk ds eqrkfcd]
Uttar Pradesh as well, sources say. According to AIPMA president ^bZ&os fcy ykxw gksus rd] R;sd fuekZrk vkSj O;kikfj;ksa ds chp
26 Mr Devender Chawla, until E-way bill is implemented, the need lekurk ykus ds fy, tkp nky dh dM+kbZ vko;d gSA^ mUgksaus
of checking squad is a necessity to bring level playing field for dgk fd lwpuk ds eqrkfcd] iatkc vkSj mkj nsk Hkh bl rjg
each manufacturer and trader. He added that according to ds MhLiSp jksdus ds fy, dM+s mik; dj jgs gSA isjkEcoqj] dsjy esa
information, Punjab and Uttar Pradesh are also taking measures IykboqM fofuekZ.k DyLVj] fiNys eghus ls dM+h lrdZrk ds v/khu
to stop such dispatches. The plywood manufacturing cluster in gSa vkSj jkT; ds dj vf/kdkfj;ksa us mu dkj[kkuksa dks igys gh Hkkjh
Perambavoor, Kerala, are under strict vigilance since last month
naM yxk;k gS] tks th,lVh vuqikyu ds vuqlkj ugha gSaA
and state tax authorities have already applied heavy penalties to
factories that have not been according to GST compliance. th,lVh ds 35 fnuksa ds ckn Hkh IykboqM m|ksx vkSj O;kikj 28
Even after 35 days of GST rill out the plywood industry and trade
Qhlnh ds mPp th,lVh LySc ls ckgj vkus ds fy, la?kkZ dj jgk
is struggling to come to terms of high GST slab of 28%. Since gSA IykboqM vkSj vU; oqM iSuyksa ij 28 Qhlnh LySc dh ?kksk.kk
announcement of 28 % slab on plywood & other wood panels, the ds ckn ls IykboqM m|ksx vkSj O;kikj dk mRlkg de gks x;k gS
mood of plywood industry and trade is subdued and protests are vkSj th,lVh dks 28 Qhlnh ls de LySc esa djus ds fy, vihy
continued at different places with appeal to reduce the GST from djus ds lkFk fofHkUu LFkkuksa ij fojks/k tkjh gSA 28 Qhlnh LySc
28% to lower slab. After 28% slab, wood panels have become ds ckn] vyx vyx czkaM esa 8&10 frkr rd oqM iSuy izksMDV~l
costlier by 8-10 percent varying from brand to brand. egaxs gks x, gSaA
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30 days
after Gst!
Even after 30 days under GST rule, Wood Panel trade is
struggling to overcome on the doubts and issues related to GST
compliance, input claims, need of capital and price impacts. The product price
dynamics is changing but no big impact on market changes are visible yet.
Few products have become costlier and few have turned economical causing
negations and new terms between buyers and suppliers. GST law has changed
the way Indian businesses were operating in last 30 days and the impacts are
visible in mindset of people.
Distributors and dealers are avoiding purchases and maintaining low stocks,
cover story
hence as a result the material demand in markets for Plywood, Laminates, PB,
MDF, ACP or Doors has fallen by 50 percent. One nation One tax concept is being
appreciated widely but has certainly caused huge disruption in plywood industry
and trade that will require 6 months to 9 months time for being settled down. It is
just 30 days and changes have begun to occur. After a market tour during July 12th
to July 27th by the team of Ply reporter the impact is narrated below:
166 In short span of 30 days after July 1st, the entire wood panel industry has
strengthened its belief on positive side of GST. A large fraction of the wood
panel business sphere is keeping strong hopes on reduction of slab in coming
weeks which has been preventing the full blow effect on demands.
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the Ply rePorter august 2017
cover story
micro door manufacturers in India. Eighty percent of the bdkb;ka gS vkSj muesa ls vf/kdkak] ftuds lkFk IykbZ fjiksVjZ
Door units are small and majority of those, with whom dh Vhe feys Fks] os th,lVh esa nkf[ky gksus ;k lajpuk
The Ply Reporters team met were in a dwindle whether ;kstuk dks viukus dh nqfo/kk esa FksA NksVs vkdkj ds Mksj
to enroll in GST or go for composition scheme. The small mRiknd ftudk dkj[kkuk 2000 oxZ ;kMZ {ks= ls de esa
sized door producers whose factories are in less than gS]a ekax ;k Hkqxrku ds dkj.k Hkkfor gSa ysfdu fpafrr ugha
2000 sq. yard area are hit due to demand or payments FksA la{ksi esa bu Mksj fuekZrkvksa tks fr fnu 25&50 njokts
but not worried. In a nutshell these door manufacturers, cukrs gS] vLFkk;h :i ls Hkkfor gq, gSa ysfdu geskk dh
making 25-50 doors per day, are temporarily hit but see rjg vius O;kikj ij dksbZ vlj ugha ns[kk jgk gSA 167
no much impact on their business as usual.
nks sl okyh bdkb;ka%
TWO PRESS UNITS: djksa dh ykxr vkSj mudk vuqikyu nks sl okyh bdkb;ksa
The cost of taxes and their compliance is not adding up
dh orZeku dherksa ij dksbZ ykHk ugha gS] ysfdu os de Mjs
to the current price for two press units as well but the gq, gSA [kkrksa vkSj iwt
a h ds lac/a k esa mudh fLFkfr vfLFkj gS
painstaking is lesser. Their situation with respect to books ysfdu fufpr :i ls os [kkyh ugha gSa tSlk fd T;knkrj
and capital reserves is volatile but certainly not blank as ,l,lvkbZ ds ekeys esa gSA os r; dj jgs gSa fd dSls nks sl
in case of majority of SSIs. They are in a fix that how to ds lkFk vius iwjs dke ds eMy dk iquxZBu djsa vkSj cktkj
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The Ply RePoRTeR june 2017
says Mr. Vijay Sampla, Minister of State of Social Welfare & Justice, Govt of India
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The Ply RePoRTeR august 2017
S
peaking on the matter of bringing down GST slab
from 28% to 18% the chief guest Mr Vijay Sampla,
aipma meet
Minister of State of Social Welfare & Justice, Govt
of India said, GST is for the benefit of you all, whether it
is at 28% or 18%. To protect domestic industry there is a
plan to increase import duty. For GST there is provision of
review, as it has not been fixed forever, it can be changed.
During review if the GST Council observes that revenue
collection is higher, the tax rate will automatically come 189
down. In VAT there was 80 lakh registered tax payers
and after GST till 31 July, 2017 it has reached to 1 crore
20 lakh and there is a target to achieve up to 3 crore till
December 2017.
Speaking further he said, Many of us think traders
having 20 lakh turn over are free from GST, but I believe
that they should also get registered. It will ultimately help
them in terms of input credit and they will be benefited by
offering cost effective material. In this way the revenue
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