Amarpreet Singh Makkar
GST Impact : With the implementation of 28 percent Goods and Service Tax (GST) on crackers, the price of crackers has increased by thirty to forty percent. The cracker sellers feared huge loss as the sale of crackers on Dusheera dips by sixty percent as compared to previous years. On Diwali also, the traders were expecting huge loss due to less sale of crackers.After the implementation of GST, the majority of cracker traders have maintained distance from the business. Last year, 85 shops were established in wholesale cracker market near Jalandhar Bypass. This time the administration has auctioned 75 shops but only 56 traders have established shops.Rakesh kumar, owner of cracker shop said that with the implementation of GST the prices of crackers were sky rocketing and customers were avoiding to but crackers. This year on Dusherra the sale of crackers was dipped by sixty percent.He said that due to the drives of pollution free Diwali, Save Money, Say no to crackers and others the sale was down from last few years but this time the GST has left the cracker sellers worried. The cracker sellers were now trying to clear their stock instead of earning profit, said a cracker seller.The traders said that due to recession in market their business was affected and now GST has added to their woes. The price of rocket box which was Rs 300 last year is now available for Rs 450 this year, he added. Apart from GST on crackers the prices were hiked due to high GST on cardboard and packing material.
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