Traders observes GST Day
“TRADERS UPBEAT ON ONE YEAR COMPLETION OF GST, SOUGHT SIMPLIFICATION & RATIONALISATION OF GST”
Traders across the Country today observed GST Day on one-year completion of GST in India under the umbrella of the Confederation of All India Traders (CAIT). The one-year completion of GST in the Country is having mixed reactions from traders who are the real carriers of GST. For initial six months, the traders face several problems on account of glitches in GST portal as also repeated changes in the Rules but now the situation has improved but still traders feel that there is great scope for further simplification of tax structure-said CAIT.
CAIT National President Mr BC Bhartia & Secretary General Mr Praveen Khandelwal said strongly refuted the blame on traders that they do not issue Bills and avoid taxes. It’s an open fact that most of the times it is the consumer who avoids taking Bills as he doesn’t want to pay tax may be due to high rates. It’s necessary to educate consumers to pay taxes and tax rates should be brought down. Both Bhartia & Khandelwal said that traders feel upbeat over the availability of input credit, got rid of multiple taxes and multiple Authorities and virtually no interaction with the tax officials which has reduced corruption under GST. These features make GST a unique taxation system.
Bhartia & Khandelwal suggested that instead of monthly returns, quarterly returns be prescribed on Form 3B, refunds should be automatically processed to bank account of traders, e way Bill should be allowed only on inter-state sales and not intra-state transactions, only two slabs of tax rates, inter-state sales should be allowed in composition scheme, re-classification of goods, HSN code be made applicable only on manufacturers and not on traders are few of the steps which will make ease of doing business under GST. It will also be good if a GST Lokpal is constituted for disposal of grievances in a transparent & impartial manner. Items like Auto Parts, Cement, Paint, Marble should be taken out from the slab of 28 % and be categorised under the lower slab.