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CAIT EXPRESSED GRATITUDE TO FM SITHARAMAN FOR CONVENING GST COUNCIL MEETING

Raipur  (The States. news) CAIT  National Vice President Amar Parwani, chairman Magelal Maloo  , Amar Gidwani State President Jitendra Doshi ,  States Working President Vikram Singh Deo, Parmanand Jain , Vashu Makhija, state General secretary Suriender singh , State Working General secretary Bharat Jain, State Treasure Ajay Agrawal and state Midia Prabhari Sanjay Choubey informed that  The Confederation of All India Traders (CAIT) has expressed gratitude to Union Finance Minister Smt. Nirmala  Sitharaman for accepting the demand of CAIT to decide deferment of GST hike on textiles and footwear in a meeting of the GST Council convened by the FM on 31st December, 2021. The GST tax rate on textile & footwear is scheduled to increase from 5% to 12% from 1st January, 2022 as per notification issued by the Government on 18.11.2021. CAIT National Vice President  Mr. Amar Parwani & State President Mr. Jitendra Doshi  said that this decision of the Government is pragmatic & justified and we look upon the GST Council for taking a decision to defer the GST tax rate hike on textiles & footwear as also deferring the other changes that will be in place from 1st January, 2022.

The CAIT has also appreciated the extension of GSTR 9 and GSTR 9C filing date from 31.12.2021 to 28.2.2022. This step will bring much relief to traders . These two decisions amply reflects the intent of FM Smt Sitharaman & GST Council to thrash out the issues and concerns amicably in larger interest of the trade and people of the Country – said Mr. Parwani & Mr. Doshi  

In its communication sent to Smt. Sitharaman on 27th December, the CAIT had demanded for*deferment of implementation of hike in GST tax rate on textiles and footwear and other steps to be implemented from 1st January, 2022. The CAIT had also urged Smt. Sitharaman to constitute a “ task force” under the Chairmanship of Chairman, Central Board of Indirect Tax composed of senior Govt. officials and representatives of trade to discuss the issue threadbare and reach to some consensus.

 The CAIT argued that more than 85% of the Country’s population consumes goods of textiles and footwear having a cost of less than Rs.1000-00 which is currently taxed at 5%. The notification has removed the limit of Rs.1000 and  has brought both these items under the tax slab of 12%. Mr. Parwani  &  Mr. Doshi  said that such a steep increase will load the burden of tax on 85% of the population and will make the goods more costly. The CAIT has also argued that at a time when the GST revenue collection is increasing month on month, there is no logic of increase in tax rates. As far as the rationalization of inverted duty structure is concerned, the traders are more willing to engage in discussion with the Government.