GST: A Disruptor or Growth Driver for Wood Panel Industry?

person access_time   3 Min Read 07 July 2017

The highest rate of 28% GST slab on Plywood, Block boards, PB, MDF, Doors is announced. There are mix reactions but largely industry and trade is very very uncomfortable with high slab. The woodpanel timber surfacedécor and door-window industry forms a complete eco system and integrated with each other where more than 1.5 lacs of distributors, dealers and retailers are connected from building material trade. Every one of the chain has to be GST ready and has to charge the prescribed GST on the goods. A chart below will give you the product and its respective slab.

 

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