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Fan makers urge government to cut GST to 12%
Domestic fan manufacturers have urged the government to bring down the GST to 12 per cent from 18 per cent at present, saying duty reduction will help the industry in capacity building.
New Delhi: Domestic fan manufacturers have urged the government to bring down the GST to 12 per cent from 18 per cent at present, saying duty reduction will help the industry in capacity building.
Reduction in GST slabs will not only help the fan industry to invest into the capacity expansion, but also in adaption of new technologies, said Indian Fan Manufacturers' Association (IFMA).
The association has also asked the Bureau of Energy Efficiency (BEE) to come up with its star rating norms for the fans, as it is voluntarily adopted by some of the manufacturers at present.
"We are requesting the government to bring it down to 12 per cent as it a mass product.
We believe that fan industry can serve its customers better if this slab could come down from 18 per cent to 12 per cent," said IFMA Chairman Atul Jain.
