New Delhi, NFAPost: Congratulating Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman on the success of GST, Confederation of All India Traders (CAIT) National President B C Bhartia and National Secretary General Praveen Khandelwal urged that GST tax system should be made stable and a more simplified tax by removing the current existing anomalies.
CAIT office bearers came up with this suggestion when the country is celebrating the completion of 6 years of implementation of GST.
“For removing the current existing anomalies, a special task force should be constituted, in which besides senior government officials, representatives of businessmen and industry should be included,” said CAIT National President B C Bhartia and National Secretary General Praveen Khandelwal.
While this task force will give suggestions to rationalize the GST tax system and reduce the multiplicity of laws and regulations on traders, CAIT) National President BC Bhartia and National Secretary General Praveen Khandelwal said on the other hand it will also suggest how to increase and to enlarge tax net, suggestions will also be given to prevent fake billing , tax vision and wrong inputs.
CAIT also thanked the Prime Minister for his vision of One Nation – One Tax and sated it has been a massive success across the country which is proved by the fact that the revenue of GST is now approx Rs 1,60,000 crore per month, which is a big record and due to which there has been a tremendous increase in the revenue of the central and all the state governments.
The trade body also said the contribution of the business class across the country is very important in this growth. Merger of about 17 types of indirect taxes and about 13 types of Cess has relieved the traders from multiple departments. However much more is to be needed for making GST a simplified & rationalised tax system.
CAIT National President B C Bhartia and National Secretary General Praveen Khandelwal said that the central and state governments and traders have had many experiences regarding the GST tax system implemented in the country for the last 6 years.
“On the basis of those experiences, this tax system should be reviewed afresh and in regards to the Prime Minister Narendra Modi mission of ease of doing business. GST should be developed as a simple and convenient tax system that even a common businessman can easily follow,” said CAIT National President B C Bhartia and National Secretary General Praveen Khandelwal.
They also suggested that a GST coordination committee should be formed at every district level in the country under the chairmanship of the collector, in which local tax and other officials and people from local business organizations should be included.
