Coatings have become more - environment protective, corrosion and scratch resistant, weather durable, topped off with the most eye-catching gloss and shine. Also innumerable research is underway with nanotechnology being infused into coatings to modify specific properties. Further we cover the GST reform for the chemical industry in depth. Within this, the GST rates for chemicals are at reasonable levels with most products being in the 5, 12 and 18 percent bracket which is important as many products serve as intermediates in a longer value chain.