The Goods and Services Tax (GST) on matchboxes should be brought down to 12 per cent from the existing 18 percent, Tamil Nadu Information and Publicity Minister Kadambur C Raju said on November 15.
In a memorandum to Finance Minister Nirmala Sitharaman, Raju, along with eight representatives of match stick manufacturers' associations, said the GST on matchboxes was high and needs to be brought down at par with the tax rate on raw materials.
Later, Raju participated in the Tamil Nadu Day celebration at the India International Trade Fair 2019 here, along with TN House Principal Resident Commissioner Hitesh Kumar Makwana, Resident Commissioner Ashish Bachani and Director of Information and Public Relations P Shankar.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.