Nagpur: At a national conference of trade leaders of Country, more than 200 leading trade leaders of prominent trade bodies from all over the Country unanimously resolved to support the Union Government for early implementation of GST in India though traders have many concerns related to procedures of GST for which the Conference made an appeal to Union Finance Minister Arun Jaitley to began dialogue with trade and industry on future roadmap of GST.
The Conference which began at Nagpur today is being held under the umbrella of the Confederation of All India Traders (CAIT) and will also continue till tomorrow. B. C. Bhartia, National President of CAIT chaired the Conference.In a unanimous voice the Conference also made an appeal to all such political parties including Congress and AIADMK and others to give safe passage to GST in the Parliament.
The Conference demanded the Government to draw GST in a manner which simplify and rationalise the taxation system in the Country and get rid the trading community from multiple taxes and multiple Authorities. The Conference demanded GST as a Single Tax regime to be governed by single Authority having uniform GST law and uniform tax rate across the Country in all States and no State should be allowed to deviate under any circumstances without the approval of proposed GST Council.
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Taking cognizance of the media reports that under GST about eight types of return forms need to be comply by the traders, the Conference observed that if such a procedure is adopted it will complicate the taxation structure and will demoralize the traders to opt for self compliance and will certainly affect adversely the concept of widening the tax base through GST.
The Conference has also decided to launch a nationwide campaign about GST in India from 10th January to next budget session of the Parliament. During this campaign, the CAIT delegations will meet Chief Ministers and Finance Ministers of all States and by submitting a memorandum will urge upon them to support GST and also initiate talks with Trade Federations and Associations of their respective States for obtaining their concerns and views. The CAIT is also planning to hold 100 GST Conferences all over the Country for making public opinion. Trade Federations and Associations across the Country will be asked to send letters to Prime Minister urging for early implementation of GST in India and a copy of the same will be sent to Leader of Opposition in both houses. A big rally in support of GST at New Delhi is also be planned during budget session. An online petition in support of GST will also be launched.
Pro-active deliberations yield positive resolutions to be made in CAIT conference
Nagpur: The press meet held by CAIT related the events that occurred throughout the first day of the two-day conference. Some of the points that were discussed and deliberated included their resolution to reach out to 6 crore traders in India and to make them all demand for GST. While addressing the press meet National President of CAIT Praveen Khandelwal and National Chairman of CAIT B C Bhartia said that they would also appeal to Congress Party and AIDMK who are opposing GST and to convince them to let the GST Bill be passed in the Parliament for the greater good of the country.
(From left to right) Dignitaries addressing the press meet Harvinder Atmaram, Uttam Alhuwalia, Smita Bhagat from HDFC Bank, Shahnaj from Shopmatic Singapore, Harshala Chandonkar CEO of CIBIL
Some of the deliberations include how the GST is going to be Rationalized, Proper, One tax and one authority to deal with. However, based on the recommendations of Arvind Swami 8Types of forms have to be filled for GST. CAIT claimed that if GST has to be simplified and Rational Tax, the self compliance element will fail to be effective.
The 8 forms will be as follows:
1. Inward Supply GSTR-2
2. Outward Supply GSTR-1
3. Monthly Returns GSTR-3
4. Returns for Compounding Dealers GSTR-4
5. Returns by Non-Resident Tax Payers GSTR-5
6. Input Service Returns GSTR-6
7. Tax Deducted at Source GSTR-7
8. Annual Returns GSTR-8
Later National Chairman of CAIT said that during the conference, discussions were also on about how traders can be included and benefitted in the e-commerce. CAIT will be speaking to 50,000 traders in 100 cities. In every city a team of one channel partner, one technical advisor and others will be constituted. They are going to start 5 Centres in the country. This will be East, West, North, South and Centre. The Centre in the East will be located in Kolkatta, South in Chennai, West in Mumbai, North in Delhi and Central in Nagpur.
The discussion was also held on cash-less economy.
