GST alert! This big news may come soon for traders from Modi government
Modi government is convening meetings and holding parleys to boost the economy.
Modi government is convening meetings and holding parleys to boost the economy. Now, in the latest development, Finance Minister Nirmala Sitharaman on Tuesday said that the
the government will resolve issues concerning traders and that GST would be further simplified.
Speaking at the second day of the National Traders Convention of the Confederation of All India Traders (CAIT), Finance Minister Nirmala Sitharaman assured them that the Modi government is making all attempts to simplify and rationalise the GST tax structure to the extent that even an ordinary trader can comply with the Goods and Services Tax (GST) provisions, as per a report by IANS. "Under the chairmanship of the Revenue Secretary, a committee has been constituted, which is working day and night to explore the ways and means to simplify GST", she said.
Smt @nsitharaman attends the Rashtriya Vyapari Mahaadhiveshan at the Ramlila Ground, New Delhi, organised by the Confederation of All India Traders (CAIT), and addresses a gathering of traders from across the country. pic.twitter.com/5RHMrasLbB
— NSitharamanOffice (@nsitharamanoffc) January 7, 2020
Traders from across the country are attending the three-day convention.
Sitharaman lauded the role of the trading community for increasing the GST tax data.
CAIT Secretary General Praveen Khandelwal said the body has set itself a target of enhancing the number of traders registered under GST to 2 crore.
Sitharaman said that Prime Minister Narendra Modi has made the trading community his priority and in line with this, various announcements have been made by the government to facilitate traders and thereby help them grow their businesses.
The government plans to hold big shopping festivals across the country and will involve CAIT so that traders may get more opportunities to showcase their products, she added.
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