CAIT CALLS UPON POLITICAL PARTIES TO PASS GST BILL IN PARLIAMENT
The stalling of Goods & Services Tax Bill in Parliament is a matter of great concern for the trade and industry in the Country and as such the Confederation of All India Traders (CAIT) while taking a strong exception to this has appealed all political parties including main Opposition party Congress to pass the Bill and do not become and instrument in depriving the Country from one of the biggest tax reforms which is eagerly awaited.The CAIT has decided to meet leaders of major political parties to urge upon them to pass the GST Bill.
CAIT National President Mr. B.C.Bhartia & Secretary General Mr. Praveen Khandelwal said that after accommodating concerns of the States and political parties in GST Bill by way of approving amendments by Government, there seems to be no occasion now for the political fraternity to oppose the Bill. "It looks that instead of merits, the political considerations are prevailing upon more which can not be held justified"-said trade leaders.
Mr. Bhartia & Mr. Khandelwal said that trading community is suffering with plethora of tax laws of both Central & State Governments and GST being the integration of all such taxes will result into ease of doing business. We have our own concerns about proposed GST but stalling of passage of GST Bill in Parliament, is depriving us from the opportunity of being heard-said CAIT.
Both Mr. Bhartia & Mr. Khandelwal said that trading community is worried because of the fact that after passing of the Bill in Parliament, the process of separate legislation for Central GST(CGST), Integrated GST (IGST) and State GST (SGST) will began which is major concern for the trade & industry and which will give an opportunity to the stakeholders to submit their concerns. The passing of GST Bill in Parliament will pave the way for discussion on procedural modalities of GST and that is why the trade is appealing the political parties to pass the Bill.