The Commerce and Industry Ministry has sought exemption from the Goods and Services Tax (GST) for the leather and plantation sectors and exporters importing capital goods under special incentive schemes.
In the meeting of the GST Council held here on Tuesday, the Ministry also made a case for lower taxation on cement and sought the lowest slab for the services sectors that earn foreign exchange, such as tourism, travel, hospitality and health.
“The leather industry and the plantation sectors provide a lot of employment. These need to be encouraged,” Commerce & Industry Minister Nirmala Sitharaman said at a press meet.
Sitharaman said her Ministry had also sought lowering of the import duty on gold from the Finance Ministry in the forthcoming Union Budget
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.