Home / Knowledge / News / Apparel/Garments / CAIT strongly pitches for 9-month interim period under GST
CAIT strongly pitches for 9-month interim period under GST
Jun '17
The Confederation of All India Traders (CAIT) has strongly pitched for a nine-month interim period from July 1, 2017 to March 31, 2018 during which no penal action should be taken against traders for any procedural lapses. The CAIT has submitted its representation to prime minister and finance minister urging for declaration of an interim period.

“The preparedness at the level of small businesses is at a very low stage and about 60 per cent of traders across the country are yet to adopt digital technology for GST compliance and as such interim period will give ample opportunity to the traders to understand GST Law, Rules & Regulations in its true spirit and also compliance related issues which we may occur from time to time during GST operation in the country,” CAIT secretary general Praveen Khandelwal said.

However, CAIT is not averse for taking action against any habitual offender, he added.

CAIT national president BC Bhartia said that there are strong overlaps as far as fitment of GST rates is concerned. This has resulted in bracketing items pertaining to either mass consumption or similar to raw material items, daily use products, health or food items in slabs which are higher than where they should be placed. “This may augur well for revenues but may fly contrary to the Government’s larger public policy and objective of enlarging the scope of tax net in the country. In absence of any direct interaction with the trading community, several confusions are being caused due to unauthorised or misleading propaganda about GST,” Bhartia said.  

With job creation perhaps being the single most important contemporary challenge in front of the Government, it’s only prudent that the legitimate concerns of the 5.7 crore strong trading community in India be looked at and addressed. In fact, there are genuine livelihood concerns involved which should be taken care of before a tectonic policy shift such as the transition to the GST regime can be actualised, he added. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...


Textiles | On 26th Feb 2020

Barbados unveils one-stop investment guide

As Barbados prepares to host the 15th quadrennial conference of the...

Pic: ModCloth

Retail | On 26th Feb 2020

Go Global Retail acquires ModCloth; Tiger Capital finances

With financing provided by Tiger Capital Group, Los Angeles-based...

Interviews View All

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

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

Advanced Search