New Delhi June 26 (IANS) The Confederation of All India Traders (CAIT) on Monday called for a nine-month trial period of the landmark taxation reform Goods and Services Tax (GST).
According to CAIT Secretary General Praveen Khandelwal if accepted then the nine month period from July 1 2017 to March 31 2018 should be utilised to understand the GST by both the government and traders as the new tax regime will be different from the current one.
Khandelwal spoke at the launch of CAIT s GST White Paper which consists of all the important aspects of the taxation reform.
Further CAIT urged the government not to take penal action against any trader for procedural lapses. However it clarified that wilful tax defaulters should be dealt with in accordance with the law.
In the White Paper the traders body asked for GST facilitation centres to be opened in the offices of trade associations.
Earlier CAIT launched a business solution -- BizGuru -- for the non-corporate sector and allied verticals to embrace technological advancements with the aim to enable seamless transition of traders to the GST regime.
--IANS
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CAIT urges government for trial period of GST
