New Delhi, April 8 -- Ahead of the Lok Sabha elections, representatives of Micro, Small and Medium Enterprises (MSMEs) across the country have amplified their demands for a reduction in Goods and Services Tax (GST) rates, which they say have crippled several units since the tax regimes rollout over six years ago.
In the industrial hub of Coimbatore, Tamil Nadu, the Coimbatore District Small Industries Association has sought a cut in GST rates on labour charges or job work undertaken by micro and small engineering units from the current 12 per cent to either 5 per cent or nil.
The rate was initially 18 per cent and after a lot of representations, it was reduced to 12 per cent. It should be either 5 per cent or nil, said R. Ramamurthy, fo...