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Traders troubled over GST, need to extend relief: Kejriwal
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SME Times News Bureau | 08 Nov, 2017
Delhi Chief Minister Arvind Kejriwal on Tuesday said that GST has caused
a lot of trouble to traders and there is a need for extending relief to
them.
"Demonetisation and GST have adversely affected the
interests of traders resulting that most of them have shut down their
business, which has further directly affected the employment," he said
at government's GST Market Committees Interactive Session.
The
main issues raised by the GST support committees at the session were
problems faced by them in filing of returns, dual structure (monthly and
quarterly) of filing of return which creates mismatch multiple slab of
taxes, multi structure of taxes, high rate of taxes on common used items
viz chocolate, toys etc, RCM provision for job workers, and blocking of
huge capital due to non-processing of timely refund.
"More than
40-50 percent small ventures and industries have been shut down in
industrial areas of Delhi, which has shaken the economy as thousands of
youth working in those ventures became jobless," said Kejriwal.
"To avail employment to the youth, we have to provide tax relief to the traders," he said.
He
suggested that government should fix the GST as 12 per cent on all the
commodities, with 6 per cent of this resting with the central Government
and 6 per cent be given to state governments for carrying out
developmental activities.
Deputy Chief Minister Manish Sisodia said that the traders are on ventilators due to the ill effects of the GST levy.
He said that regular interaction with traders is must.
"IGST
should be abolished, duplicacy of account should be stopped and the
filing of quarterly return be made mandatory," he said.
"I will
raise these issues in the GST council in the next meeting specially
regarding quarterly return for all, feasibility of releasing of refund
on the basis of GSTR 3B, to remove tax bracket of 28 per cent, RCM
related issue for job worker," added Sisodia, who holds the Finance
portfolio too.
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