Jamshedpur: The Confederation of All India Traders (CAIT) has urged the Union Government to bring reforms in the Goods and Services Tax (GST) structure for the textile sector, recommending an increase in the GST threshold for garments and a simplified slab rate to ease the burden on traders and consumers.
CAIT National Joint General Secretary Suresh Sonthalia, in a letter to Finance Minister Nirmala Sitharaman, described the next-generation GST reforms as among the most revolutionary tax measures in independent India. He said such reforms would empower small businesses, enhance consumer confidence, and accelerate the nation’s journey towards becoming a $10 trillion economy.
As part of the outreach, CAIT members, accompanied by the region’s Member of Parliament Bidyut Baran Mahto, visited markets to gauge consumer opinion on the recent GST amendments. While traders and buyers expressed happiness over the reforms, many in the textile sector also voiced concerns about the complexities of the current slab system.
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