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: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Textiles | On 18th Jan 2017

Schoeller unveils water-repelling fabric ‘bling’

Schoeller textiles, Swiss textile company, has released its new...

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search