Sunday, March 26, 2023

CAIT Bharat Vyapar Bandh on 26 February, organisations lend support


Jamshedpur, Feb 10: The announcement of the Bharat Vyapar Bandh on 26 February against the distorted nature of the GST tax system by the Confederation of All India Traders (CAIT) is gaining widespread support from the city.

Over 40 thousand trade organizations across the country connected to CAIT have begun a nationwide awakening program among the trading community about complicated provisions of current GST. Bharat Vyapar Bandh has rallied to unprecedented success. CAIT demands that as it has been four years since the GST tax system has been implemented and the government and traders have experienced all the merit & demerits of GST on the basis of which it is important that the GST system is once again re-reviewed and simplified, in order to the reduce the burden of compliance on traders, on the other hand, it should also be ensured that the tax net of GST should be expanded and the revenue of both central and state governments should also increase.

CAIT national secretary Suresh Sonthalia said  that on February 16, the District Collectors of all the districts across the country will be given a memorandum by the local trade organization addressing Prime Minister Narendra Modi to simplify the GST tax system, on the other hand, from February 14 to February 25, the trade associations across country  will organize Traders March in their local markets . Memorandum will be submitted  to Chief Ministers, Finance Ministers, and other concerned people of all states in the country.

Sonthalia said that CAIT will also make all out efforts to reach out to national and state level organisation Tax practitioners, chartered accountants, tax advisors, company secretaries, small scale industries, petrol pumps, direct selling, women’s organizations, consumers, hawkers, film industries, food processing, mobile industries, various service providers to seek their support Bharat vyapar bandh . Online vendors and all national and state level organizations related to economy and trade will also be contacted and will be included in the bandh. An extensive public awareness campaign will be launched across the country about the Bharat Vyapar Bandh using social media and other communication tools.

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