News
Toy makers grapple with GST rates
- Date:
- May 26, 2017
- Source:
- Times Of India
Are toy guns more important for a child's growth than board games such as scrabble or chess? That's the question toy makers are asking in India, as they grapple with new GST rates . Toys ranging between remote-controlled cars and chess sets attract an average indirect tax of around 6%. Traditional toys, which constitute about 90% of all toys sold in the country , are exempted from excise, while so…