Domestic manufacturers alert! Are local taxes making you uncompetitive? Here is an update from Modi government
Are you among those domestic manufacturers who keep facing the issues related to local taxes in India? Modi government may soon give you some good news! According to a latest development, Commerce and Industry Minister Piyush Goyal has assured the industry about finding a solution for issues related to local taxes, such as electricity duty, as they make domestic manufacturers uncompetitive. The ministry is taking up the matter at all levels, Goyal said at a CII webinar on renewable energy.
"We are conscious of this problem particularly because other countries may not be having a coal cess or mandi tax or electricity duty, and therefore our manufacturers do get uncompetitive because of it.