One year of GST: Traders urge FinMin to review these big problems
Asking for the refunds to be automatically credited to traders' bank accounts, it has called for one registration number for traders to be allowed across India, instead of taking registrations in every state for doing business. Further, the body suggested that the HSN Code should be made applicable only on the manufacturers and not traders. It has also appealed for assistance to traders to equip them with computers, in order to encourage e-compliance.
The Confederation of All India Traders (CAIT), in a letter written to the ministry today, has suggested that instead of monthly returns, quarterly returns should be prescribed on Form 3B to make return filing simpler. Image source: Reuters