NEW DELHI:
Traders association CAIT today asked the government to set up a working group to help non- corporate sector adopt the new GST regime.
"Though trade and industry stands in support of GST (Goods and
Services tax) but regrettably so far no concrete steps have been taken
to take stakeholders into confidence," the Confederation of All India
Traders (CAIT) said in a statement.
The national body
representing non-corporate sector requested Finance Minister Arun
Jaitley to draw a comprehensive plan to enable seamless transition of
traders to the GST regime from the current manual processes.
The GST Council last week finalised the tax rates on various items and
services to be levied under the GST regime that is likely to be rolled
out from July this year.
"Realising several disparities and
ambiguities in the classification of items under different GST tax
slabs, the CAIT has suggested the formation of a high level committee of
senior officials and representatives of trade and industry to iron out
such disparities to facilitate smooth transition to GST," the statement
said.
CAIT has suggested to form a special working group
comprising representatives from Ministry of Electronics &
Information Technology to ensure easy availability and access of
technologies and tools to adopt GST system, Ministry of Skill
Development and Entrepreneurship to train non-corporate sector and other
government bodies like Department of Financial Services, Reserve Bank
of India.
"CAIT understands that it is important for all
relevant stakeholders and decision makers to collectively execute
strategies and plans to transform country into ’One Market’ with the
help of successful roll out of GST tax regime," it said.
22 May 2017, 01:41 PM