Upon the problem towards Goods & Services Tax (GST) and streamlining e-commerce rules and policies, The Confederation of All India Traders (CAIT) has written a letter to Prime Minister Narendra Modi.
On 26 Feb the trader’s policy has declared the Bharat Vyapar Bandh upon the problem concern for “pertaining to complicated GST taxation system and vitiated e-commerce market”
The confederation seeks PM’s “immediate intervention to simplify GST taxation system and streamlining the e-commerce rules and policies to save the domestic trade from the clutches of malpractices of big e-commerce companies”.
PM Modi has been urged by CAIT to “break the unholy nexus between Banks and e-commerce companies who are co-partners in violation of the law and policy of the government”.
CAIT national president BC Bhartia and secretary-general Praveen Khandelwal shows circumstances during the talks within the central Arun Jaitely before the implementation of GST, they said that it will sure that it will finish the “woes and suffering” of the traders and that they will be needed to upload there sales statement upon the GST portal only at one time.
Bhartia and Khandelwal told that via the GST portal the other objectives will be auto-populated to move the traders to observe the law in a simple manner and will provide them enough time to concentrate on the rise of their business.
Khandelwal said “Much against the public announcements on GST, the GST Council has made the GST as the most complicated tax system which runs contrary to “ease of doing business” mandate of the government,”
The Growth of ‘Tax Terrorism’
The trade will be supposed that while building the change in the GST rules Get to know GST provisions and rules on the free supply of goods. Also, we have included rules regarding ITC reversal on free supplies of goods and services. Read More the mission statement of the Prime Minister for the minimum government, the maximum government has been highly revoked through providing the arbitrary and unfettered powers to the council to the prolonged that the issuance to show cause notice along with the event of the hearing will be refused prior to taking any action with respect to the supposed crime through the traders.
Prescribing the above penalties despite the small error has brought down the tax terrorism for the country and will demotivate the honest tax collectors.
“Though the GST Council has revised GST rules a hundred times not even a single opportunity is given traders to revise the GST returns. The difference between “error” and “evasion” needs to be defined and spelled out very clearly and without any ambiguity,” it added.
The Khandelwal indeed added that exemplary punishment must be provided to tax evaders as well as people engaging in bogus invoices under GST Get to know the complete information related to fake invoicing under GST. Also, we have specified the penalty amount and who comes under it?. Read More.
“Such people are a cause of threat to businesses of honest traders who are complying with the law.”
CAIT Suggests Special Working Group
Also, the CAIT has been saying about the “special working group” due to its major working process and also asked for the setup to be based in central level including all the senior officials and CAIT representatives. The Committee had stated that the GST must be a Goods and simple tax system for much transparency.
Along with it, they also suggested the District GST working Group which would work and see through the workings of district-level implementation. The Consideration of All India Traders (CAIT) has also said that some big companies have been doing such practices for a long time and it is hampering the overall tax scenario. It said that “These companies have resorted to innovative but a clandestine structure to violate the policy and are trying to become the second edition of the East India Company.”