Comments
As the July 1 deadline for roll-out of goods and services tax (GST) nears, a large numbers of traders are still unaware about the fundamentals and compliance of the tax, with 60 per cent without computer access, according to the Confederation of All Indian Traders (CAIT).
White paperCAIT, which released a white paper here on Monday, to disseminate information on GST said fulfilling digital compliance would be big as 60 per cent traders in India have no access to computers.
The traders’ body has, therefore, urged the government to open GST facilitation centres in the offices of trade associations.
“Though GST is going to be implemented in less than a week from today, yet large number of trader across the country are still unaware about not only the basic fundamentals of GST but even the compliance obligations,” said Praveen Khandelwal, Secretary-General of CAIT, while welcoming the GST as a “landmark’ tax reform.
Interim periodCIAT also sought an interim period of nine months to be provided during which no penal action may be taken against any trader for procedural lapses.
However, tax evaders or wilful defaulters may be dealt with in accordance with the law, it said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.