CAIT CALLS TWO DAY TRADE LEADERS MEET IN SURAT ON 18-19 SEPTEMBER
Vinit Wahi / AMN
The failure of GST portal, absence of adequate knowledge about compliance procedures, continued confusion on levy of tax rates on different items and inclusion of mass usage items under 28% tax slab has generated gross dissatisfaction among trading community on the issue of GST and has resulted into great disillusionment for the traders across country.
“75 days of GST implementation in the country has turned out in a situation of complete nightmare coupled with great hustle and bustle for the traders who are bound to follow different compliance formalities under GST. On the other hand they have to wind up taxation formalities of erstwhile VAT tax regime,”said the Confederation of All India Traders (CAIT) while reacting sharply on the so far fall out of GST.
No direct dialogue and lack of coordination with Trade bodies by Central Government, State Governments or even by GST Council has further aggravated the situation. Consequently the traders feel grossly neglected in the whole process of GST implementation in the Country.
Prompted by such a worst scenario and having extreme pressure from across Country, the CAIT has convened a two days meeting of trade leaders from all over the Country on 18-19 September at Surat to take stock of the current situation and to discuss impact of GST on businesses of the traders.
CAIT National President Mr B C Bhartia & Secretary General Mr Praveen Khandelwal said, “Traders all over the Country support GST and it is evident from the fact that there was no resistance from the traders with regard to introduction of GST and in fact CAIT is in lead role demanding early implementation of GST in the Country since last more than 5 years