GST council decided to lower the GST slab on plywood from 28 to 18 % resulting the brands passing on the tax gain to consumers.
During the 23th GST Council meeting held at Guwahati the threshold has been increased up to Rs 2 crore annual turnovers from the earlier 1 crore.
Century Plyboards (India) Ltd has entered into a tie-up with a Chinese door manufacturing company Goldea for making doors and frames. “We have formed a 60:40 joint venture with a Chinese company, Goldea, for manufacturing doors and frames.