GST gives fishers a jolt

 Kochi:The GST regime is burning a hole in the pockets of fishermen with the price of fishing gear going north.
GST gives fishers a jolt
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 KOCHI: Kochi:The GST regime is burning a hole in the pockets of fishermen with the price of fishing gear going north. With the catch remaining dismally low so far, boat owners are concerned the profits would fall drastically.  Joseph Xavier Kalapurakal, general secretary, All Kerala Fishing Boat Operators’ Association, said the price of fishing nets has increased.

“The boat owners have invested around `15 lakh on each boat. With the new colour coding in place, a good catch is required to negate the effect of hike in prices of fishing gear,” he said. Several fishing gear that enjoyed tax exemption under the VAT have been brought under the 12 and 18 percent slabs. This includes fishing hooks, rods, tackles, twines and ropes

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