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Will agitate against complex, arbitrary GST system: CAIT
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SME Times News Bureau | 18 Jan, 2021
The Confederation of All India Traders (CAIT) has announced that it
will launch a nationwide movement against the present Goods and Services
Tax (GST) system which it claims has become "extremely complicated"
because of several "arbitrary" amendments.
According to CAIT, the
GST has become a hurdle in the smooth retail trade because of the
complexities and arbitrariness of its provisions.
In a statement
on Sunday, the traders' body said that it will convene a three-day
conference of trade leaders of all states from February 8-10 at Nagpur
to chalk out the future course of action. About 200 prominent trade
leaders from across the country are likely to participate.
"Post-Covid,
the retail trade is fighting hard for its survival and in such a
situation, the GST system has become a devil for the business community
due to several arbitrary amendments. In such a scenario, we have decided
to oppose such amendments tooth and nail," the CAIT said in a
statement.
CAIT Secretary General Praveen Khandelwal said that
implementation of various programmes of the central Government have
become a cause of severe pain for the traders, of which GST is one of
the causes.
The present GST violates its basic fundamentals which were announced at the time of its implementation in 2017, he said.
"In place of 'Good and Simple Tax', it has become an obnoxious and complicated taxation system," he said.
Khandelwal
added that the CAIT conference will also discuss e-commerce and the
proposed e-commerce policy, empowering women entrepreneurs, appraisal of
Mudra Scheme, easy availability of finance for traders, among others.
He
was of the view that the retail trade stands neglected, although it
generates an annual business turnover of Rs 80 lakh crore. As many as 8
crore traders in the country employ around 40 crore persons.
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