Summary:
"The president of GCA went on to say that ongoing projects will be hampered with such high GST rate. In absence of this clause, Patel said that contractors will have to shell out 10% more on currently running projects once GST comes into effect. Ahmedabad: Faced with high rate of Goods and Services Tax (GST), Gujarat Contractors Association (GCA) has opposed GST and called a 'mahasammelan' (mega gathering) in Ahmedabad on June 30 to express their protest and chalk out future course of action.The association had held a meeting on June 21 and unanimously decided to oppose the new GST structure. "We have already represented to the central government and will also approach the state government ministers," he said. "At present, we pay 7-8% taxes including VAT," Patel said, adding, "We operate with 5%-7% margins and cannot bear 10% additional tax on account of GST..