It is necessary for millers to understand the practicality of Rule 42/43 of GST Act: Dilip Patil


With the Government emphasis on sugar mills to produce ethanol to reduce the dependence on imported fuels as well as become financially stronger, sugar mills are finding ways to ensure that Ethanol is the only way in the long run to survive in the sugar industry.

A State level Seminar “Sakhar Kranti 2020” for all the stakeholders of the Sugar Industry in Maharashtra at Hotel Sayaji, Kolhapur on 8th February 2020 organised by KDAM & Assoicates is set to happen where the benefits of Ethanol manufacturing and future tactics to make the business profitable will be deliberated & exhibited.

In conversation with ChiniMandi News, one of the eminent speakers, Mr. Dilip Patil – Managing Director, Karmaveer Ankushrao Tope Samarth Sahakari Sakhar Karkhana Ltd expressed his views on the event. He said, “It is necessary for millers to understand the practicality of Rule 42/43 of GST Act which would result into substantial savings in the working capital of sugar mills. The millers should indeed take the best of knowledge from this seminar and make these benefits applicable in the finances of the sugar mills.

Here, millers should also maximise their participation in production of ethanol that will be an additional revenue stream for the sugar sector.”

“The event is open for MDs, Chief Accountants, Distillery managers, Engineering Heads, Knowledge seekers etc from the Sugar Industry across Maharashtra and I urge every sugar miller to invest their time in this seminar.” he further added.

For registration or more details, contact 7758060463

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