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GST Destroys Several Brass Industries in India

Several Brass Industries

Goods and Services Tax (GST) is the topic of criticism for different industries in India. The protest is lined-up and Brass Industry on Tuesday joined the rally. Thousands of people related to Industry like brass factory owners and manufacturers accumulated at Idgah Maidan and showcased a protest against the government. Representatives of the protest have demanded to take back the GST move. Protesters said that it was demonetization which critically affected the brass industry and after that, the GST implementation has just ruined the industry.

Hazi Ashraf, the organizer of the protest said that Moradabad is known as the ‘Pital Nagari‘ across the world. But, the current situation is very different and it’s all due to Government’s tactics. Previously, the handmade items are out of stamp duty and exporters have to file tax. But due to GST implementation, all the scenario has changed. He further said, there are almost 15 thousands of factories in Moradabad ranging from small to large industries and almost 15 lakh people just depend on this for livelihood. Due to GST implementation, the home-based furnaces are closed.

Read Also: Why Steel Industry Thinks It is Doing Samaj Seva after GST?

Brass craftsmen are out of any work and their families are suffering badly. He said that the government would have to encourage the industry because it is one of the sources of foreign currency. But the inclusion of brass industry under the GST net has put the industry at risk.

During the protest, the craftsmen reached the Idgah Maidan and started uttering the slogans against the government. They also decided to send a demand letter to the GST Council. The exporters of brass industry in Moradabad expressed their problems to the government previously. But, they have not received any help from the government yet.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Rekha Rawat (Ex-Employee)
Rekha Rawat here, I am a content writer and engineer. Being a plethora, I love to explore new fields. I try my best to deliver impeccable content. Currently, I am working in SAG Infotech Private Limited as a content writer. View more posts
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