CAIT Delegation Meet CBIC Chairman To Discuss Simplification Of GST

Raising several critical issues pertaining to goods and services tax (GST) act and rules, a delegation of the Confederation of All India Traders (CAIT) led by its Secretary-General Praveen Khandelwal on Friday met Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC). 

According to the trade body, Johri appreciated the points raised by the delegation and said that the government is committed to providing ease of doing business under the GST regime. 

CAIT in a statement said that Johri appealed to the traders to follow timely compliance under GST and the problems of the traders will be redressed within no time. 

Also, Khandelwal said that there is a wide scope for increasing the number of assets for the GST taxation system but it needs to be rationalised and simplified. The trade associations across the country are willing to join hands with the government in widening the tax net and thereby yielding more revenue. 

He suggested that to monitor the implementation of GST and for the speedy redressal of the grievances of the traders, it would be appropriate to form a Joint GST committee in every district composed of tax officials and trade representatives.

The CAIT delegation strongly pitched for a 5 per cent tax on textile and footwear having costs of below Rs 1,000 and re-categorisation of 28 per cent tax slab for keeping only sin items and all other items including auto spare parts and aerated drinks and other items may be kept at the lower tax rate.