Bizmen demand reduction in GST rate from 18% to 5% on scrap to stop bogus billing

Ludhiana: Amid reports that soon there might be changes in the  GST  slabs, the furnace and other allied industry once again has started raising its voice against 18% GST on scrap, demanding that it be reduced to 5%. Claiming that if GST is reduced to 5% from present 18%, the malpractice of bogus billing will immediately stop, the businessmen have sent a memorandum to the Union ministry…