Quick Summary
The Federation of Paper Traders Associations of India (FTPA) has urged the government to rationalise the GST on paper and paperboard products to a uniform 5% slab under Chapter 48, highlighting concerns over the inverted duty structure impacting the industry. At the association's 64th Annual General Meeting (AGM) held in Chennai on Friday, the outgoing president of FTPA said that while the conversion of GST into a two-tier structure is a welcome move, the current tax disparity continues to burd
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FAQ :
The paper sector is demanding a uniform 5% GST on all paper and paperboard products to simplify the tax structure and avoid an inverted duty situation.
It refers to a situation where the tax on inputs (raw materials) is higher than the tax on finished goods, which creates financial difficulties for manufacturers and traders.
Paper for exercise books, notebooks, and maps has a NIL GST, while paper for calendars, diaries, posters, and stationery attracts an 18% GST.
A uniform 5% GST would simplify the value chain, make the industry more efficient, support MSMEs, boost growth, and ease compliance.
The FTPA states that the industry is highly sustainable, with 75% of paper produced from recycled waste, and the rest sourced from plantations and agricultural residues.
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