Chaibasa : The Confederation of All India Traders (CAIT) has announced an all India shut down on 26 February against the distorted form of GST. Supporting the shutdown, the All India Transport Welfare Association, the largest organization in the transport sector, has announced a nationwide blockade on 26 February, supporting the India trade off of CAIT.
The three-day National Business Conference organized by CAT in Nagpur which started today in Nagpur has been jointly attended by more than 200 prominent business leaders from all states of the country. This announcement was made jointly by the national president of CAIT, BC Bhartia and national general secretary Praveen Khandelwal and the national president of All India Transport Welfare Association, Pradeep Singhal.
Bhartia and Khandelwal accused the GST Council of distorting the nature of GST for its own benefit, saying that GST is completely a failed tax system. The basic form of GST is messed with. All state governments are more concerned about their vested interests and have no concern for simplification of the tax system.
Instead of doing business, the traders of the country spend all day in the GST tax cradle, which is an opposite situation for the country’s economy. In such a situation, the present form of GST needs to be rethought. After amending more than 937 times in four years, the basic structure of GST has changed.