Traders’ physique CAIT on Saturday referred to as for a fresh review of GST and stated a particular job power must be constituted to counsel methods to cut back multiplicity of legal guidelines and laws on merchants underneath the oblique tax system.
The Confederation of All India Traders (CAIT) described the completion of six years of implementation of GST within the nation as a landmark success. The GST regime got here into impact from July 1, 2017.
However, it stated far more must be performed to make Goods and Services Tax (GST) a simplified and rationalised tax system.
CAIT Secretary General Praveen Khandelwal stated that the GST tax system must be made secure and extra simplified by eradicating the present present anomalies.
“For this, a special task force should be constituted, in which besides senior government officials, representatives of businessmen and industry should be included. While this task force will on one hand give suggestions to rationalize the GST tax system and reduce multiplicity of laws and regulations on traders, on the other hand it will also suggest how to increase and enlarge tax net. Suggestions will also be given to prevent fake billing, tax evasion and wrong inputs,” Khandelwal said.
He additionally urged {that a} GST coordination committee must be fashioned at each district degree within the nation underneath the chairmanship of the collector, through which native tax and different officers and folks from native enterprise organizations must be included.
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