The present market situation is dull despite of GST coming down to 18% on Ply, boards, Doors, MDF, PB, Decorative veneer, Furniture, Hardware and other building materials. The problem of delay in payments is certainly on rise but there are very few
The Central government had proposed 28 % GST on Plywood and other wood panel products e.g Particle board, MDF, Doors and Decorative plywood products starting from July 1, 2017 that shocked the whole wood panel industry and trade in India.