CODISSIA seeks IGST relief for tools used to make castings for exports

The Coimbatore District Small Industries Association (CODISSIA) has sought Integrated Goods and Services Tax (IGST) relief for moulds, dies, and patterns used by Micro, Small and Medium-scale Enterprises (MSMEs) to make castings for exports.

In a meeting with Sanjay Mangal, Special Secretary and Member (GST and Tax Policy), Central Board of Indirect Taxes and Customs in New Delhi recently, president of the CODISSIA V. Rangaswamy explained the GST-related challenges and compliance issues faced by the MSMEs. The Association sought provisions in IGST for exemption to MSMEs that buy moulds, dies and patterns for export products.

Mr. Rangaswamy and S. Soundararajan, secretary of COINTEC, held discussions with officials at the Union Ministry of MSMEs in New Delhi and raised issues related to ease of doing business too.