Home / Knowledge / News / Textiles / CAIT for joint coalition of trade & industry on GST
CAIT for joint coalition of trade & industry on GST
25
May '16
Proposing a joint coalition of trade and industry bodies, the Confederation of All India Traders (CAIT) has said that it is prepared to go along with industry bodies like CII and FICCI for passing and implementation of Goods and Services Tax (GST) Bill.

“It is a well known fact that since last two years, the government has put all efforts in building consensus on the complex issue but adamant attitude of the Congress and not allowing discussion on the GST Bill in Rajya Sabha has proved the biggest impediment in passing the legislation,” said CAIT secretary general Praveen Khandelwal.

The Congress never consulted trade and industry about the merits of their demands pertaining to GST. However, the finance minister has already agreed to withdraw 1 per cent additional tax on inter-state GST. Therefore, instead of asking the government, the propriety demands that industry leaders should exercise pressure on Congress and other political parties opposing GST to come on board to pass such an important tax reform, Khandelwal added.

“If at all any issues left, the same can be settled when separate legislation for Central GST & IGST will be presented in Parliament and State GST will be presented in State Assemblies,” he said.

CAIT national president BC Bhartia suggested that both trade and industry organisations should form a joint coalition to take this issue forward with all political parties and impress upon them to pave smooth passage for GST Bill in the next session of Parliament so that by next fiscal year, the GST could be implemented in the country.

However, once the bill is passed in Parliament, the concerns of trade and industry could be raised with the government in order to have a simplified and rationalised GST tax structure in the country to ensure better self-compliance and widening of tax base, Bhartia said.

Both Khandelwal and Bhartia hoped that industry leaders will respond in a positive manner in larger interest of trade and industry and nation as well. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Textiles | On 22nd Aug 2017

PTEA concerned over sluggish textile sector growth

The Pakistan Textile Exporters Association (PTEA) has expressed...

Textiles | On 22nd Aug 2017

Asian Propylene prices march higher last week

Propylene prices went up in Asia in the last week due to tight supply ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search