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

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Giorgio Mantovani
Corman S.p.A

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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