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Updates From Tirupur, Pondy Associations

Tirupur/Puducherry:  ITTA-PDY participated in International Yoga Day with Isha foundation-Pondicherry at Raj Nivas – LG’ residential office lawn and the launch of Goods and Service Tax day in Puducherry.

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The members learnt few Yoga body movements along with Yoga trainers from Isha Yoga center-Puducherry. Everybody felt that their ongoing stressful life newly transformed to blissful life at that time of gradually doing simple yoga and continually wanted to do it and nourish rest of their life LG kiran bedi announced during her speech, Every Sunday in her Raj Nivas lawn, free yoga program is conducted for public which was applauded by all participants. Now Raj Nivas is becoming Yoga Nivas that is a great contribution to the society. ITTA-PDY is negotiating with a Yoga trainer to get an attractive package for its members which will be executed at the earliest to enhance members well being. The association members also made active participation in the GST launch day event organized in Puducherry by the state commercial taxes department. They also distributed their member-directory during the GST program.

 TITA office bearers Meet Nirmala Sitharaman:

Tirupur IT association representatives had recently met Union Minister for commerce and industries  Nirmala Sitharaman and submitted their expectations and concerns about G.S.T. “We gave the request letters given from Confed-ITA admin board and from TITA regarding the relaxation  of higher tax value products like printers and monitors. In G.S.T all major I.T products coming under 18 percentage. But some kind of peripherals coming under 28 percentage. 90 percentage of the market is using multi function printers and it lies under 28 percent. Small monitors also coming under 28 percentage. It may results to increase the product pricing 10-15 percent. Because of the tax rate in monitor overall Pc rate may increase nearly 8 percentage.”, says Pratheesh Mathew, president of the association.
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Since most IT products falls under 18% tax slab, there may be a hike of product pricing of 4%. Therefore IT market won’t get much benefits compared to other Industries.  According to the association, the GST is definitely to strengthen the B2B market and will solve the threats from unethical online pricing.

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