INDIA PAINT SECTOR TO BENEFIT FROM GST REDUCTION SAYS INDUSTRY ASSOCIATION
July 1st, 2018
PAINTS and coatings prices in India are expected to fall, with the government reducing the rate of goods and services tax (GST) levied on these products from 28% to 18%. “Over a period of six months the prices should go down and the overall industry should be moving ahead,” Ashwani Mehra, president of the Indian Paint and Coating Association in New Delhi told the Asia Pacific Coatings Journal. Mr Mehra predicted that sales increases would follow, especially in consumer products such as decorative finishes, as regarding industrial paints GST rises were less ...
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