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CAIT welcomes the latest developments on implementation of GST

New Delhi, Wed, 30 Jan 2013 NI Wire

Though the Confederation of All India Traders (CAIT) has welcomed the progress made on implementation of Goods and Services Tax (GST) in India, as per the recently concluded meeting of the Empowered Committee of State Finance Ministers.

CAIT National Secretary General Praveen Khandelwal commenting upon various decisions taken in the said meeting stated that if one State enforce GST and the other state remains a non-GST State, the trade between the two States will result into many inherent practical problems for the traders as it will be difficult for the traders to take input tax credit because of different taxation system.

The CAIT is in favour of GST but it should be single tax, uniform taxation system, uniform tax rates, uniform law across the Country and the C Forms and Road Permits and other forms applicable in inter state transactions should be dispensed with and CST should be abolished as per the promise of the Central Government. Such are the basic fundamentals of GST taxation system.

Khandelwal said that soon he will take up this issue with Bihar Deputy Chief Minister and Chairman of the Empowered Committee Sushil Modi and with Finance Ministers of other States.

However, the CAIT has demanded that traders must be included in the process of designing the GST taxation system and its road map. If we are not made part of the consulatations, we will be at liberty to strongly oppose the GST, cautioned Khandelwal.

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