The Hush Post, Ludhiana
President of Federation of industrial and Commercial Organisations (FICO), Gurmeet Singh Kular has demanded that government should bring out a single rate of GST on all the products and services in order to give a boost to trade and industry.
Giving more info, Kular said, “Government should fix a single slab of 5 percent GST for all products in the country. This will be in the best interest of the industry will give a big push to the micro and small industry. In addition to diesel should also be brought under GST so that we can be able to claim input tax credit on diesel and save on cost of production”
A meeting of FICO was organised today which was attended by Chairman KK Seth and general secretary Manjinder Singh Sachdeva. The association members have welcomed govt’s decision to reduce GST on 175 items from 28 to 18 percent.