new Delhi. Implementation of BIS standards on indigenously made goods is essential for Indian products to gain a high and substantial share in the global market and to expand the GST tax base to generate more revenue for the country’s developmental activities and is also important. However, India has a large population and diversity, so it is very important that which products can adopt BIS standards and which cannot. Apart from this, which products can be kept in which tax category of GST tax slab, it should be reconsidered. This will also fulfill PM Modi’s vision of self-reliant India. These things were said by the Confederation of All India Traders in a conference of the Footwear Association of India.
CAIT Secretary General Praveen Khandelwal said that the concerns raised by the footwear industry are genuine and CAIT will take up the matter with Commerce Minister Piyush Goyal and Finance Minister Nirmala Sitharaman. Khandelwal said that as before, shoes costing less than one thousand rupees should attract 5% GST, and above one thousand rupees should be kept under the tax slab of 12%. Similarly, BIS standards should also be implemented in the same proportion. This is necessary because India is a country of diversity where consumers range from a common man to the most affluent. The buying behavior of all types of goods is according to their economic status and hence they cannot be controlled by a single parameter. Hence any similar policy or tax should be imposed to give equal power to all and to reduce the chances of any tax evasion or to comply with the rules and policies.
Khandelwal said that 90% of the people in India are consuming shoes costing less than Rs 1000 and out of which the largest population consumes shoes less than Rs 500. More than 1800 types of footwear slippers are manufactured in the country ranging from a simple sleeper to high class footwear for women, men, children, sportsmen and various other segments of the consumers. Shoes ranging from Rs 50 to thousands of rupees are made in India. With such a wide variety of footwear trades, is it possible to apply uniform standards? Certainly, this is not possible and hence the concerned authorities should look into implementing both GST and BIS standards.
Apart from large industries, footwear is manufactured on a large scale by poor people in small spaces, cottage and village units and even at home and hence by BIS standards and levying 12% GST on all types of footwear, the country’s The footwear business will be adversely affected.
Tags: Confederation of All India Traders, Delhi news, Fire in the footwear factory
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