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Industry, traders join hands for early implementation of GST

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“Traders and industry lobby groups, including CII, FICCI, Assocham, PHD Chambers, among others, have come out with a joint appeal to the political fraternity for a safe and early passage of the GST bill in the parliament,” Confederation of All India Traders (CAIT) said in a statement.
The CAIT and industry have joined hands for the first time to launch the campaign. As a part of the campaign, a seminar on GST will be held in New Delhi on December 16, which will be addressed by Finance Minister, Arun Jaitley, and Chief Economist Advisor, Arvind Subramanian. Similar conferences are likely to be held in other states as well.
“The joint campaign is derived from the idea of reaching out to political parties and trade and industry to apprise them of the advantages and benefits of GST that could accrue if implemented early,” a CAIT statement said.
Praveen Khandelwal, Secretary General at CAIT said GST is “a ray of hope to get rid of the complex taxation system since it will integrate various central and state-level taxes”.
The government and industry is keen that the bill is approved in the ongoing winter session of Parliament so as to meet the rollout date of April 1, 2016. The bill was cleared by Lok Sabha in May and now is stuck in Rajya Sabha, where the ruling NDA is in a minority.

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