Nagpur: The Confederation of All India Traders (CAIT) today urged leaders of major opposition parties including Sonia Gandhi urging them to cooperate for ensuring passing of GST Bill in Parliament in current winter session so that GST is implemented in the Country by April,2016 . The CAIT has decided to meet prominent leaders of different political parties impressing them for passing GST Bill in Rajya Sabha in its current session. The delay in GST is presenting a disappointed picture of economic reforms in the Country-said CAIT.
CAIT National President B.C.Bhartia and Secretary General Praveen Khandelwal said that the non-corporate sector comprising of more than 6 crore small businesses is deeply webbed into plethora of tax laws, rules and regulations coupled with multiplicity of Authorities.
GST is nothing but a ray of hope for them to get rid of such a complex taxation system since it will integrate various Central and State level taxes paving the way for a simplified and rationalised tax structure in the Country which is need of the hour and hopes to abolish colonial working of tax administration system.
Though trading community also has its reservations on some of the proposed GST proposals but the same can be heard when the Bill is passed by the Parliament-said both trade leaders. The stalling of GST Bill in Parliament is depriving us from the opportunity of being heard.
After passing of the Bill in Parliament, the process of separate legislation for Central GST(CGST), Integrated GST (IGST) and State GST (SGST) will began which is major concern for the trade & industry and which will give an opportunity to the stakeholders to submit their concerns. The passing of GST Bill in Parliament will pave the way for discussion on procedural modalities of GST and that is why the CAIT is appealing the political parties to pass the Bill.