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Fan makers seek lowering of GST to 12%
Kolkata, Sep 20 (IANS) Fan manufacturers on Thursday said they have sought a further reduction in goods and services tax (GST) to bring it to 12 per cent from 18 per cent. They also urged the Centre not to club the product with luxury items.
“The Association has submitted representations to the GST Council to reduce the GST rate on electric fans to 12 per cent from the declared rate of 18 per cent.
“Initially, the rate was 28 per cent. Fans are a basic necessity in a tropical climate like India for people from all strata of the society, living in urban and rural areas and should not be clubbed with air conditioner in the luxury category,” Indian Fan Manufacturers Association’s Vice Chairman Atul Jain said here on the sidelines of its 18th Annual General Meeting.
Manufacturers had been advised by the GST Council that their representation has been forwarded to the Fitment Committee for their views and reconsideration, he said.
Acknowledging that the government was addressing the teething problems in the roll-out of the indirect tax, the fan makers said difficulties still existed in the filing of online returns.
However, the industry remained bullish on registering growth in sales as well as production.
During 2017-18, the organised manufacturers achieved a consolidated production of 54.44 million fans, registering a growth of 4.19 per cent over the previous year while unorganised players produced about 20 million fans.
“In domestic production, our members had clocked 52.30 million fans, registering a growth of 4.38 per cent. About two million fans were exported last year,” Jain said.
He said the overall production in both organised and unorganised is expected to post about 5 per cent growth this year.
With the rising disposable incomes and evolving consumer aspirations along with rural electrification programme, they are expecting a significant growth in the sales of premium, high-end fans. While ceiling fans account for a major chunk of domestic demand, the last couple of years have witnessed a steady increase in the demand for table, pedestal and wall fans.
“The industry, during this fiscal, is expected to grow about 5-6 per cent over last year. Sales were higher in the first quarter, over the corresponding period last year,” he said.
Ceiling fans still account for 70 per cent, Jain said. The demand for energy efficient fans is on the rise and the industry too is focusing on this aspect.
Leading fan manufacturers have been constantly working with the Bureau of Energy Efficiency (BEE), Energy Efficiency Services Ltd (EESL) and Bureau of Indian Standards (BIS) to develop a sustainable road map for manufacturing better energy efficient fans, he said.
The Star Labelling programme is expected to not only give an opportunity to all end users to make informed choices at the time of purchase, but also result in savings of approximately 30,000 MW of electricity over the next few years, as fans account for nearly 30 per cent of the total power consumption, fan makers added.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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