STOCK MARKET BSE NSE

Cut GST rates for solar components, LED lamps: Indian Society of Lighting Engineers

The Indian Society of Lighting Engineers (ISLE) on Tuesday urged the government to cut the prevailing GST rates for LED lamps, LED luminaires and solar system components such as batteries to five per

Published: 08th November 2017 02:45 AM  |   Last Updated: 08th November 2017 08:00 AM   |  A+A-

GST

By Express News Service

CHENNAI: The Indian Society of Lighting Engineers (ISLE) on Tuesday urged the government to cut the prevailing GST rates for LED lamps, LED luminaires and solar system components such as batteries to five per cent. This, ISLE said, would help the lighting industry source local components from domestic manufacturers at less price. This would also patch up pitfalls through restructuring and adoption of proper mechanism between organised and unorganised sectors.

The government had earlier fixed 12 per cent GST for LED lamps and fixtures including LED driver and MCPCB (Metal Core Printed Circuit Board). This put players in the unorganised sector, who are not tax-compliant and who account for 45 per cent in the domestic lighting market, at a better position thanks to the cost advantage vis-a-vis competitors. ISLE also said that a separate code for components such as connecting wires, PCBs, driver and the likes “creates confusion” among players.

“If there are so many sub classifications, there has to be clarity,” said Dilip Kumbhat, national president, ISLE. This could also lead to illegal manufacture of bulbs and import of cheap components from China in order to evade pertinent taxes.

Kumbhat added, “Though the GST rate of 12 per cent on LEDs are in line with the campaign to combat climate change, the fixing of GST on Fluorescent tubular lamps and compact fluorescent lamps looks exorbitant.”


Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp