New GST rates: GST 2.0 hit on the packaging industry, the cost is rising, the crisis on the supply chain -NCR GST impact on the packaging industry Haryana Association is trading on Sonipat News

Updated: Mon, 22 Sep 2025 12:23 PM (IST) Haryana Corogeted Box Manufacturing Association expressed concern about the new rules of GST 2.0. The financial burden on the industry has increased as a result of reducing GST on completed goods and increasing raw materials. The association demanded the government to bring equality into rates and simplify the repayment process. He says it can affect the supply chain of essential merchandise. Officials arrived at the Haryana Corogeted Box Manufacturing Association meeting. Hundred. Association Jagran Correspondent, Sonipat. The Haryana Georgated Box Manufacturing Association (HCBMA) has expressed serious concern and named new changes of GST 2.0 fatal to the packaging industry. The association says that the government reduced the GST from 12 to 5 percent on the finished goods, ie Cororation box, while raw materials were increased from 12 to 18 percent on craft paper and paper board. This brought an extra financial burden of about 13 percent to the industry. Remove ad, just read the news, the core team members Anil Kathuria, Rajesh Malik, Rao Salim, Abhishek Jain, Ravinder Malik and Ajay Jain were present in the meeting chaired by the president of the Sunny Jain Association. It was told during the meeting that the repayment of input tax credit due to tax inequality is not available, thereby stating working capital and the costs increased by 5-7 percent. He informed that about 20 thousand MSME units across the country are associated with this industry and that about 1 million people get direct employment. The association warned that the weakened health of the packaging industry would have a direct impact on the supply chain of pharmaceutical, FMCG and other essential merchandise. The price of goods reaching the consumer will also rise due to the cost of the box. The claim of the association has called on the government to apply equality in GST tariffs to raw and completed goods, to make the repayment process simple and MSME friendly. In this regard, Chief Minister Naib Singh Saini was notified and a memorandum was sent to the Ministry of Finance and claimed the relief of the packaging industry.