The seven cr strong traders body asks that the GST official must ask the traders prior to revamping GST rates.
The suggestions incurred via the Group of Ministers (GoM) which the GST official formed must not be provided with a go-ahead in the coming meeting without any consultation with the traders, as asked by the CAIT before FM Nirmala Sitharaman.
The Confederation of All India Traders (CAIT) specified that GoM’s suggestion towards drawing the unbranded food grains beneath the tax slab of 5% is a regressive step, the status quo must be maintained.
CAIT mentioned that the textiles and footwear must come beneath the 5% tax slab. They oppose that bread, cloth, and housing comes beneath the essential things if the tax is taken on these items. This also burdened the 130 cr people who are already loaded with inflation.
There is a rise in the expenditure and decrease in the income of the common man day by day and thus any new tax compliance would make it difficult.
When the GST figures rise every month then there is no jurisdiction for levying more GST on any commodity, CAIT Secretary General Praveen Khandelwal mentioned.
He imposes that in the current situation same is essential that the GST tax laws and rules must be reviewed afresh in totality and the discrepancies and disparities in GST tax rates should be eliminated.
“The implementation of the recommendations made by the committee would make the tax structure more distorted and abnormal, which would be different from the main objective of the GST tax system,” CAIT articulated.
