The Annual General Body Meeting of All Kerala Tread Rubber Manufacturers’ Association, representing over 100 tread rubber producers, held on December 5, 2017, at Angamaly, Kerala, discussed the practical difficulties in running tread rubber business in the State in the context of Demonetisation and implementation of the GST which have impacted the sector most negatively. The association also demands composition scheme for the units under the GST regime. Under the scheme, turnover of all businesses (up to Rs 15 million) with same PAN has to be added up to calculate turnover for the purpose of composition scheme.
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