Surat: Sachin GIDC Industries Seek Relief from 23% Tax Hike

SURAT: At a time when industries are battling rising input costs and weakening demand, a proposed tax burden increase of 20% to 23% has triggered resentment among industrialists in Surat’s Sachin...

SURAT : At a time when industries are battling rising input costs and weakening demand, a proposed tax burden increase of 20% to 23% has triggered resentment among industrialists in Surat’s Sachin GIDC estate, prompting an urgent appeal to the Gujarat government for relief.

The Sachin Industrial Co-operative Society Limited has written to the Chief Minister and Industries Minister, demanding immediate intervention over consolidated tax bills for 2026-27.

According to the association, the hike follows a fresh assessment for the 2026–2030 block period, with construction valuation rates revised upwards and Jantri rates increased from ₹5,870 to ₹8,940 per square metre.

Society chairman Mayur Godwala said industries were already facing mounting pressure from global uncertainty, rising raw material prices and declining demand. He warned that falling domestic sales and stalled exports could further strain businesses.