Maharashtra to start a committee to study GST effect on industries
The industries department of Maharashtra has decided to set up a committee to study the effect of Goods and Services Tax (GST) on industries like agro-products, gems and jewellery or electronic items and others in the state.
GST has been started across the country from 1 July.
The current industrial policy encourages businessmen to set up manufacturing units in the state and is aimed to create more income through various taxes.
As GST makes the tax slabs same across the country, it may not help the state to get tax benefits from manufacturing industry.
So, the committee will study and prepare a report on the changes to be made in the current industrial policy to make investments in the state easy.