It is noted that "at present coatings industry benefit from a series of economic stimulus plan, the Government once you stop these stimulus, is bound to the entire industry have serious adverse effects. "Shalimar coatings company (ShalimarPaints) Executive Director Sam DIPP-salda (MrSandeepSarda) describes the road he took it that the economic stimulus plan should be in the next six months, including consumption tax has been reduced from 16% to 8%.
Mr. said that salda titanium dioxide (the main raw material for paint industry) import duties taxes and paint the same rate as that for the finished product. But in fact, titanium dioxide of import duties should be less than the rate of coating, so that the Government should reduce the rates of titanium dioxide pigment.
Salda as GST (VAT, consumption and service tax) planning a clear road map, he hoped that the road map should be adopted by the Government as soon as possible, put into practice.
India Kansai, Lora coatings company Managing Director (KansaiNerolacPaints) believes that the Government of Mr. h.m.bharuka to control the deficit, you must expand the tax net, the implementation of financial reform, but also for GST and direct tax code establish clear roadmap. In addition, the Government required the implementation of purchasing power parity (PPP) policy, for construction of infrastructure for new stimulus, by controlling the exposure and to environmental protection expenditure formulate preferential policies to reduce subsidies. Mr. Bharuka said that while India economy performed well, we still need to guard against clouds world economic environment. Therefore, we need to gradually stop economic stimulus package to the benign my enterprise assumes the trend of development.
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