The Confederation of All India Traders (CAIT) has urged the government to simplify current rules of Goods and Services Tax (GST) Act. The trade body plans to meet the finance ministers of all states to put its demand. It will also meet around 100 prominent trade leaders at a two-day convention in Nagpur from June 25-26, 2022, to devise a strategy for a national campaign on both GST and e-commerce which will begin on July 1.
Nearly 100 prominent trade leaders of all states will have a brainstorming session at Nagpur during the two days of the convention, CAIT said. Praveen Khandelwal, Secretary-General, CAIT also emphasized on the need for widening the tax base of GST by simplifying the GST Act, this will yield more revenue to both central and state governments.
A Joint GST committee in every district of the country comprising senior tax officials of GST and trade leaders of the respective district, should also be formed, stated Khandelwal.
The rationalization of the GST rate should be done after consulting stakeholders, he added. He emphasized on keeping textile and footwear under the tax slab of 5 per cent.