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Fishmeal industry looks at Centre for GST reduction to remain competitive
January 19, 2021
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The industry, majority of which are operating under MSME, has been suffering due to GST that was earlier exempted from VAT and other indirect taxes
The fishmeal industry, which is making aquatic feeds, has urged the Centre to reduce GST rates on fish meal and its byproducts such as fish soluble paste/stick water and fish oil.
The existing rates are 5 per cent for fish meal, 18 per cent for fish soluble paste and 12 per cent to fish oil. The industry, majority of which are operating under MSME, has been suffering due to GST that was earlier exempted from VAT and other indirect taxes.
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