The industry has been clamouring for a cut in the GST rate on ceramic items from the proposed 28% to 12%. The ceramic association of Morbi along with manufacturers had also recently met finance minister Arun Jaitley. The ceramic industry of Morbi is staring at a business slowdown in the wake of the imposition of the proposed 28% rate of the goods and services tax (GST) on the sector. Stockists have already applied brakes on new purchases in a bid to neutralise their inventories. Morbi in Gujarat is the third-largest manufacturing hub for ceramics in the world after China and Italy, and accounts for 90% of the total ceramic production in the country. However, in a move to save the industry from a total collapse, Morbi… Next »
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