Reminder:-Discussion Session on new revised MW, proposed additional tax up to 1% in GST Bill, etc.


Reminder:-Discussion Session on new revised MW, proposed additional tax up to 1% in GST Bill, etc.
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Thursday, September 3, 2015
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REMINDER-I

Dear all,

​​​Near recent past, lot of things have taken place ​in our UT of Dadra & Nagar Haveli which will leave a long term affects on the industries of this area and which will bring tremendous changes in the profitability and functioning of the industries.

As Administration has notified the ​revised​ minimum wages,​ which are ​applicable in Dadra & Nagar Haveli from 1st April 2015.​ The wages has been enhanced to Rs. 268.20 for unskilled worker. This enhancement in the Minimum Wages shall have the very significant impact on the industries of this area.​

In other issue of the proposed GST Bill, which is pending before Rajya Shabha for its approval, there is a provision to levy ​additional tax up to 1% on inter-state supply of goods. This additional tax up to 1% shall have very negative effect on the industries of Dadra & Nagar Haveli and which may lead the closure of number of units from this area. As we all aware that, majority of our industries are procuring raw material in inter-state supply and selling the finished goods also in other States.

Looking to the seriousness of the issue of provision of additional tax up to 1% in the proposed GST Bill, all the three industrial Associations  met Sh. Arun Jatley, Hon’ble Minister for Finance, Sh. Rajnath Singh, Hon’ble Minister for Home Affairs and Sh. Haribhai P Chaudhary, Hon’ble Minister of State for Home Affairs and appraised them about the adverse effect, which shall cause to the industries of Dadra & Nagar Haveli. 

​The said delegation of three associations was lead by Sh. Natubhai G Patel, Hon'ble Member of Parliament, Dadra & Nagar Haveli and Shri Lalubhai G Patel, Hon'ble Member of Parliament, Diu and Daman.

So, the colleague industries are required to update about the various provisions of the proposed GST Bill and impact of the provision on the industries of Dadra & Nagar Haveli. For that, it is decided to organize a joint session of all the three industrial associations of Dadra & Nagar Haveli, i.e. SIA, DNHIA, Silvassa Industries & Manufacturers Association and CII, Surat is organized an Updating Session on :-  

 Date:               4th Sept 2015
Time:              2:30 PM to 5:30 PM
Venue:            Daman Ganga Valley Resorts, Silvassa.

In the Session following topics shall be discussed:

1.       GST – General Outline

2.       Delhi visit of Office Bearers 

3.       1% additional VAT

4.       MW Notification

This session has been designed to create awareness and to provide information to the members on the above topics. CII has deputed a special speaker on GST. The speaker and other experts from the field of GST, shall resolve the queries raised by the colleague industrial friends.  For increase in VAT from 4% to 5% on Schedule - III items and to resolve the queries about the legal provisions in respect of the basic concept of the basic wages, the expert Labour Consultants and Chartered Accountant are also invited   

So, all the colleague industries are hereby requested to attend the meeting to get the clarity on the topics no. 1 to 4. I, on behalf of Silvassa Industries & Manufacturers Association request all of you to take the benefit of the session and get the thorough knowledge on the issues. 

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association,

Narendra Trivedi,
Secretary 


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