What changes you have seen in the de­mand pat­tern ever since GST has been im­ple­mented? Is the im­pact pos­i­tive for the in­dus­try and how much has the in­crease in cost for ma­chines/ im­ported parts been no­ticed post GST? What is your opin­ion about GST in the a

Perfect Sourcing - - Opinion Live -

Post GST, the price of goods like sewing ma­chines and spare parts have come down by 5 to 10 per­cent. How­ever, due to the mar­ket sit­u­a­tion, de­mand has been re­duced by 50 to 60 per­cent till date from July last to Feb 18. The top line has been af­fected by at least 40 per­cent for FY 2017-18.

San­jay Me­hta, Sunny Sales, Kolkata

Af­ter the im­ple­men­ta­tion of GST, man­u­fac­tur­ers were a lit­tle wor­ried about the sys­tem of GST and thus they were skep­ti­cal about in­vest­ing fresh funds in new ma­chin­ery and projects. But now they have re­alised that the prices have not in­creased; in fact, it has de­creased for im­ported ma­chin­ery and spare parts. Since the last three- four months, we have been ne­go­ti­at­ing on good projects and it in­di­cates a pos­i­tive im­pact and in­creased mar­ket de­mand.

San­tosh Lade, ro­tondi Group, Mum­bai

As far as GST is con­cerned, it has cer­tainly given a level play­ing field to all play­ers in the ma­chin­ery seg­ment. How­ever, it is not prop­erly im­ple­mented as dif­fer­ent seg­ments like cus­toms, couri­ers, ship­ping, etc., have their own in­ter­pre­ta­tion of GST. There should be more clar­ity on GST and HNS codes. Ma­chines have be­come cheaper be­cause what­ever GST is paid by the com­pa­nies is re­funded, but there is no change in ac­tual cost of ma­chines. Ac­cord­ing to one re­cent no­ti­fi­ca­tion, the cus­tomer ends up pay­ing GST twice and how can one claim GST twice on a sin­gle ma­chine? In my opin­ion there should be more clar­i­fi­ca­tion forth­com­ing on GST.

Vi­raf turel, turel Group, Mum­bai

The in­dus­try is right now go­ing through a slow phase for a num­ber of rea­sons. If we look at ex­ports, the in­dus­try is suf­fer­ing ow­ing to the re­vised draw­back rates. Due to this fac­tor, all ex­pan­sions are on hold and there is no de­mand for new ma­chin­ery. In the do­mes­tic seg­ment, the ma­jor man­u­fac­tur­ers are not in trou­ble as for them ev­ery­thing re­mains the same; the worst hit are the small and medium scale man­u­fac­tur­ers as they were work­ing only in cash. There is also a lot of neg­a­tiv­ity in the in­dus­try be­cause of GST. As far as ma­chin­ery is con­cerned, it has cer­tainly got cheaper; but some­one who is pay­ing GST on a ma­chine and then on thread sees job­work suf­fer­ing. The im­me­di­ate so­lu­tion to the prob­lem is re­fund­ing of taxes. How­ever, de­spite all these chal­lenges, we are op­ti­mistic about the fu­ture and we are sure that these tough times will make the in­dus­try stronger and help in adapt­ing to in­no­va­tive so­lu­tions.

San­jay Jha, Unix Stich Ma­chines, Su­rat

The GST is def­i­nitely a pos­i­tive move, it is only that its im­ple­men­ta­tion and un­der­stand­ing is tak­ing time. Things are go­ing to be bet­ter from the next year as any big change is li­able to bring along some teething prob­lems and we ex­pect all to be re­solved soon. ra­jesh Bi­hani, ra­jasthan in­ter­na­tional, Delhi

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