Plea for more relief in GST

download (1)Appealing to the Union government to favourably consider a number of proposals which would pave way for industrial growth in southern Tamil Nadu, a delegation from Madurai District Tiny and Small Scale Industries Association (MADITSSIA) called for more relief in the Goods and Services Tax (GST).

Speaking to reporters here on Sunday, the trade body’s president, K.P. Murugan, said their delegation met Union Ministers and senior officials of Railways, Finance, Health and Family Welfare, Commerce and Industries in New Delhi recently. Mr. Murugan said the proposed Madurai-Thoothukudi industrial corridor would get an impetus only when a special officer in the rank of an IAS was posted. For this, the State government should also evince interest. There were many small and medium enterprises which were keen to set up garment units in the belt. There was potential for good employment generation.

Secretary B. Muruganantham said expediting Madurai-Bodi BG line project and introduction of a second day train between Madurai and Chennai would benefit business people.

Commerce Minister Suresh Prabhu had assured the delegation that a favourable climate would be ensured for small scale units. For instance, since pappad units would not be making huge investments, they would be given relief under Factories Act.

The delegation called for more relief in the GST regime. Penalties and fines imposition should be waived for the units at least till July 2018. Similarly, banks should be told to extend the norms for declaring NPA accounts. When slowdown in the economy had forced many industries to declare lay-off and faced closure, the banks should give relief for at least one year for any account.

Union Minister Pon Radhakrishnan told the delegation to prepare a roadmap for developing southern districts by 2030. The MADITSSIA would create a platform towards this objective, the delegation said.


Source: The Hindu


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