<span style="color: #222222;">All India Cycle Manufactures' Association today approached the Punjab Government for representing their case at the GST Council for lowering the GST  to five per cent.<br />''<br />''The representatives of the Cycle Industry today met  Punjab Finance, Planning, Excise, and Taxation Minister Harpal Singh Cheema today and apprised him that amid the global competition, the industry has been facing tough times because of the high GST of 12 per cent and the higher GST on bicycles is also leading to tax evasion by fly- by- night bicycle operators.</span><br />''<br />'' Highlighting the disparity over the GST on E-bicycle and Pedal bicycles, the delegation apprised that the disparity on Electric Bicycles' five per cent GST was declared in July 2019 for demand generation. However, Pedal Bicycles deserve a parity as more than 80 per cent of bicycle price ranges between Rs 2500 to Rs 5000 and are mostly used by common people for daily commutes.<br />''<br />''<span style="color: #222222;">Mr Cheema assured the representatives of the All India Cycle Manufactures' Association that the Punjab government would represent their case at the GST Council for lowering the GST  to five per cent with Input Tax Credit (ITC) on bicycles, their parts, and raw materials. Describing cycle as a 'ride of common people and cycle industry as the 'backbone of Ludhiana',  Mr  Cheema said that Punjab government would present its case strongly at GST Council to safeguard the interests of the Industry and the people for whom it is not just a source to travel but a mean to earn their livelihood.</span><br />