<h1>Plywood Industry Seeks GST Rate Cut from 28% to 18%, Aims to Boost Small Businesses and Festive Preparations.</h1> The plywood industry, valued at Rs. 20,000 crore, is optimistic about a potential reduction in the Goods and Services Tax (GST) rate from 28% to 18% in an upcoming council meeting. Industry representatives have received assurances from several ministers about addressing their concerns. The current high tax rate has sparked opposition, particularly among North Indian manufacturers, who claim it threatens the survival of smaller businesses. Additionally, the 28% tax on plyboard is affecting festive preparations in Bengal, notably impacting the cost of materials used in Durga idol pandal decorations.