Unjha in north Gujarat is one of the world’s key hubs for isabgol trade. Ahmedabad: In a major relief to isabgol traders, farmers as well as processors in Unjha, GST Council on Thursday recommended a nil GST rate on psyllium seeds, irrespective of whether they are fresh, chilled, frozen or dried.
By Oct 6, trading had resumed partially, with only around 20% of traders participating. Because of concerns over tax scrutiny, traders holding GST-paid stocks from Rajasthan remained reluctant to restart operations.
Sources in Unjha said the impact of the two-month disruption on prices would become clear only after trading normalised. It will depend entirely on supply,” a source said. “If stockists enter the market following the nil tax recommendation, prices could rise. You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in Ahmedabad
The recommendation is expected to ease the uncertainty at Unjha APMC, where trading of isabgol had remained suspended since July 26 over a dispute concerning the applicable GST rate. Trading resumed partially in early Oct, but traders remained cautious pending a uniform decision from the Centre.