18% GST will hike costs, promote substandard helmets: ISIHMA - News Summed Up

18% GST will hike costs, promote substandard helmets: ISIHMA


Placing helmets into the 18 per cent GST slab will hurt the industry and compromise safety of two-wheeler riders as it will accelerate sales of substandard and cheap products, industry body ISIHMA has said. ISI Helmet Manufacturers Association (ISIHMA), the body of organised helmet manufacturers, said the government should have pushed for good quality helmets by making them affordable with a zero GST rate. The purpose they serve is far greater and must not come under any GST policy," ISIHMA President Rajeev Kapur said in a statement. Kapur said that under the new GST rate, ISI marked helmets will become costly. ISIHMA further said many people still considered helmets a financial burden and 18 per cent GST rate will only make it more difficult for them.


Source: dna June 20, 2017 12:11 UTC



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