Ludhiana: Manufacturers of fasteners, auto parts and other allied engineering products have gave a thumbs up to the budget.
Entrepreneurs have called it the last time budget.
The garment sector was also annoyed because their request to cancel the proposal to increase GST to 12% of 5% was ignored – Budget -ever for micro, small and medium enterprises (MSMEs) lately.
There is no for fasteners and industrial auto parts.
Hope we have ran because we expect that at least 28% GST slab will be carried out.
Again, it has been proven that this government only cares about the company and small industrialists have no meaning for them.
“According to Jaswinder Thukral, a maker of auto parts and the president of the Association of Small Scale Manufacturers Janta Nagar,” The Union Finance Minister.
Not yet paying attention to the suffering of the MSME sector.
Over the past two years, small-scale producers face the worst time in their lives.
We hope this budget will have relief for us.
Forgot a reduction in the GST level of 28%, there is even no new scheme to hold the handle of micro and small units that produce engineering items.
“Jagbir Singh Sokhi, president of a cluster technology garden sewing machine,” by paying attention to this as a progressive budget, several leaders rubbed salt on our wounds.
If the Minister of Finance does not slap a new tax on us, that does not mean that it is a good budget for small industries.
Even serious problems from the MSME industry, such as a constant increase at the raw material level used by producers of technical goods, have not been overcome.
“Mention the disappointing budget for the MSME industry, Rajkumar Singla, President of the Ludhiana binder supplier association, said,” We have very high expectations from the center.
Because of the elections in several states, some industrial friendly announcements are expected.
But all our demands, such as shipping subsidies, reduce bank loan interest rates, increase slab of income tax exemption, have fallen on deaf ears.
“Harispal, Garment Manufacturer and President of the MSME Ludhiana Association,” It is very sad that our requests and representations are repeated against the central department, the recent proposal to increase GST from 5% to 12% on garments and textiles has not been deleted.
Even though the proposal for tax increases at this time, we will not get permanent help until it is completely finished.
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