Description

Taxes have nearly doubled for furniture and plywood manufacturers after the introduction of the Goods and Services Tax or GST. At 28 per cent, general furniture and plywood goods, earlier taxed between 12 per cent and 14 per cent, now fall in the highest tax bracket. There are over 3,000 plywood manufacturing units in the country, with over 300 located in Punjab that employ some 40,000 people directly. A majority of the plywood and furniture manufacturers come under the category of small and medium enterprises or SMEs; however, the manufacturers say taxing furniture as a luxury product has put a lot of strain on their finances.NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile.Subscribe for more videos: https://www.youtube.com/user/ndtv?sub... Like us on Facebook: https://www.facebook.com/ndtv Follow us on Twitter: https://twitter.com/ndtv Download the NDTV Apps: http://www.ndtv.com/page/apps Watch more videos: http://www.ndtv.com/video?yt

Tags

GST Punjab GST Goods and Services Tax Agriculture GST furniture inflation GST labourers NDTV 24x7 Show More goods sofa bed couch desk table chair stool chest hutch thing accessories accompaniments accouterments apparatus appliances appurtenances articles attachments baggage belongings contraptions contrivances devices equipage facilities fittings fixtures furnishings furniture gadgets habiliments impedimenta kit and kaboodle machinery material materiel miscellaneous outfit paraphernalia provisioning provisions rig setup shebang stock store stuff tackle things tools trappings traps utensils accouterment appointment attachment component connection convenience equipment extra furnishing instrument part piece trimming unit chattels effects encumbrances gear movables property appointments assets estate province real estate settlement tangibles territory tricks wealth arbor box bracket counter holder ledge perch receptacle shelf stand structure trestle backdrop decor flat flats landscape mise en scène neighborhood properties props prospect set setting spectacle sphere stage set stage setting terrain view vista fitting possession rack scenery Furniture urgency claim essence demand want call cause exaction duress exigency godsend must stress pinch vitals extra trivia desire excuse grounds justification necessity obligation occasion reason right urge coercion constraint drive driving duty engrossment force hang-up have on the brain monkey need obsession preoccupation prepossession pressure tiger by the tail arrangement article catch codicil contingency essential exception exemption fine print kicker modification postulate precondition prerequisite provision proviso qualification requisite reservation rule sine qua non small print stipulation strings terms a must compulsion goad impelling impulsion motive no-no repression restraint spring spur suppression violence big trouble catastrophe change climacteric climax confrontation corner crossroad crunch crux culmination deadlock dilemma dire straits disaster embarrassment emergency entanglement extremity height hot potato hour of decision imbroglio impasse juncture mess moment of truth pass perplexity pickle plight point of no return predicament puzzle quandary situation stew strait trauma trial trouble turning point appeal application arrogation bid bidding call for charge clamor command counterclaim entreatment entreaty impetration imploration importunity imposition inquiry insistence interest interrogation lien order petition plea prayer pursuit requirement requisition rush sale search solicitation suit supplication trade ultimatum use vogue condition crisis Necessity no more nix nay not not at all not either never neither comfort leisure treat frill rarity bliss delight sorrow upset economy misery abundance fortune luxury opulence plenty prosperity riches wealthiness advantage betterment convenience enhancement enrichment excellence extravagance facility improvement merit quality service superfluity virtue alleviation amenity assuagement bed of roses cheer cheerfulness complacency contentment coziness creature comforts enjoyment exhilaration gratification happiness peacefulness pleasure poise quiet relaxation relief repose rest restfulness satisfaction snugness succor sufficiency warmth well-being accessibility accessory accommodation advancement agreeableness aid appliance appropriateness assistance avail benefit comforts contribution cooperation decency ease fitness furtherance handiness help life means ministration ministry openness opportuneness promotion receptiveness serviceability suitability suitableness support time saver use utility ambrosia banquet bonne bouche dainty dessert feast goody indulgence morsel nectar regale relish savory special sweet tidbit affluence ataraxia calm calmness content easiness idleness inactivity inertia inertness passivity peace of mind quietness quietude requiescence security serenity supinity tranquility delicacy Luxury say says punjab Punjab PUNJAB dealer seller monger ship buyer banker bursar businessperson chandler changer dispenser marketer merchandiser merchant retailer trader tradesperson trafficker vendor wholesaler jobber middleperson salesperson broker consigner exporter handler operator sender shipper shopkeeper storekeeper tycoon agent auctioneer peddler representative sales help artisan blue collar breadwinner company person craftsperson employee hand help laborer nine-to-fiver operative peasant proletarian serf slave stiff toiler wage earner white collar working person working stiff hawker distributor worker point past turn space life date day stage term age pace while era tide stint span clock epoch bout spell tempo bit shift tour year week hour allotment chronology continuance duration eternity extent future generation infinity instance instant interval juncture lastingness life span lifetime many a moon moment month occasion present season second stretch time Month into Into GST gsts GSTS G.ST. gear things stuff effects cargo stock load fabric wares bolt line ace in the hole ace up sleeve backing bankroll budget capital credit equity estate funds goods holdings kitty mattress means nest egg nut possessions rainy day reserve resources riches sock something put aside something put away stake stash valuables wealth ascendancy authorization beef charge clout command domination dominion edge esteem force government guts influence juice jump jurisdiction leg up license mastery might might and main permission permit pizzazz pow powerhouse prerogative prestige punch right ropes rule say say-so steam strength strong arm supremacy sway upper hand warrant weight what it takes whip hand word zap accouterments appurtenances assets chattels paraphernalia personal property property boodle gain haul pickings plunder spoils swag takings asset(s) authority belongings booty good Good GOOD slang pot dealer marijuana herbage acronym bacronym dismal fuckwit crap kind bud k.b. ganja bubonic chronic fire fire also moreover additionally again along along with and as well as well as besides conjointly further furthermore in conjunction with in like manner including likewise more more than that on top of over and above plus still to boot together with too withal added aggrandized amassed another augmented bounteous deeper else enhanced exceeding expanded extended extra farther fresh heavier higher in addition increased innumerable larger major massed new numerous other spare supplementary too many wider And? AND duty use office supply work account benefit utility employ value labor avail favor fitness check hurt loss disfavor damage injury ritual liturgy worship sermon action sting combat peace admission alpha birth bow celebration convocation countdown curtain-raiser dawn dawning genesis graduation initiation kickoff onset opener opening outset proem services start starting point tee off burial cremation entombment exequies funeration inhumation interment last rites obit obsequies planting requiem sepulture solemnities align balance bring into line calibrate connect correct fine-tune fit fix focus grind improve improve accommodate mend overhaul polish put in working order readjust rectify regulate renovate repair service set sharpen square tighten troubleshoot tune up advancement advice advocacy alleviation allowance assist assistance attention backing backup benefaction benevolence bounty care charity comfort compensation cooperation deliverance encouragement endowment furtherance gift giving guidance hand handout leg up lift ministration ministry patronage promotion reinforcement relief rescue reward salvation shot in the arm subsidy sustenance treatment advantage betterment convenience enhancement enrichment excellence extravagance facility frill improvement luxury merit quality superfluity virtue aid blessing boon credit distinction help resource treasure commencement funeral adjust amenity asset Service SERVICE! duty levy fine price rate cost tariff excise bite custom toll impost dues towage tithe charge load task weight drain strain onus demand aid help ease peace assess impose enact extract exact give exhaust weaken sap tire stretch lade cumber weary stress saddle try push weigh oppress prey on overtax overuse blame impugn impeach indict impute arraign censure reprove free allege apprehend arrest attack attribute betray blow the whistle brand bring charges cite complain criminate denounce file claim finger frame hang something on hold accountable implicate incriminate inculpate lay at door let have it libel litigate lodge complaint name pin on point finger at prosecute recriminate serve summons slander slur sue summon tax amount charge evaluate fix value appraisal estimate fee rating taxation valuation admonish ascribe blast blow the whistle on chide climb all over condemn criticize denunciate disapprove express disapprobation find fault with hold responsible jump all over jump down one's throat knock lay a bad trip on lay at one's door lay to let one have it lower the boom pass the buck point the finger rap rebuke reprehend reproach roast skin stick it to upbraid Herculean task accountability affliction albatross anxiety ball and chain care clog concern deadweight difficulty encumbrance excess baggage grievance hardship hindrance millstone misfortune mishap obstruction punishment responsibility sorrow thorn in one's side trial trouble weary load work worry afflict bear down on bother crush depress dish it out dish out dump on encumber give it to hamper handicap hinder impede make heavy obligate overcharge overload overwhelm pile press saddle with snow snow under vex weigh down accuse assessment burden Tax taxes Taxes theft stealing government bullshit gay hell death irs culture agronomy tillage agriculture agrology agronomics cultivation farming gardening raising tending breeding crop-raising feeding fertilizing geoponics gleaning grazing growing harvesting homesteading hydroponics landscaping operating production ranching reaping seeding share-cropping soil culture threshing arboriculture floriculture groundskeeping viniculture viticulture land management horticulture husbandry Agriculture goods sofa bed couch desk table chair stool chest hutch thing accessories accompaniments accouterments apparatus appliances appurtenances articles attachments baggage belongings contraptions contrivances devices equipage facilities fittings fixtures furnishings furniture gadgets habiliments impedimenta kit and kaboodle machinery material materiel miscellaneous outfit paraphernalia provisioning provisions rig setup shebang stock store stuff tackle things tools trappings traps utensils accouterment appointment attachment component connection convenience equipment extra furnishing instrument part piece trimming unit chattels effects encumbrances gear movables property appointments assets estate province real estate settlement tangibles territory tricks wealth arbor box bracket counter holder ledge perch receptacle shelf stand structure trestle backdrop decor flat flats landscape mise en scène neighborhood properties props prospect set setting spectacle sphere stage set stage setting terrain view vista fitting possession rack scenery Furniture hike rise boom spread buildup boost decrease reduction shrinkage deflation accession accretion addition agglomeration aggrandizement aggregation amassment augmentation build-up chunk collecting collection conglomeration enlargement gob growth heap hoarding hunk increase inflation intensification mass multiplication pile quantity stack stock store trove upping enhancement gain improvement amplification beefing up development enrichment expansion extension fleshing out heightening increment magnification raise reinforcement strengthening swelling advance jump prosperousness push rush spurt upsurge upswing upturn bad times bankruptcy bear market big trouble bottom out bust crash crisis dislocation downturn drop failure hard times inactivity overproduction panic paralysis rainy days recession retrenchment sag slide slowness slump stagflation stagnation unemployment circumlocution delicacy floridness grandiloquence pomposity pretense purism accumulation appreciation depression euphemism