Market yard traders will be making a big release to relieve TDS

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Unjha, Ta. 31 August 2019, Saturday

A protest against controlling the government's cash transactions has been launched in protest against the government's cash transactions, with two markets in North Gujarat and six majors in Saurashtra opposing the closure of the Ujha Marketplace tomorrow for an indefinite period in protest against two percent TDS over withdrawal of more than one crore.

The central government has taken steps to curb cash transactions between traders and farmers by imposing two per cent TDS on annual withdrawal of more than one crore rupees from September 1. Which merchants are strongly opposed to. Also, the agricultural markets behind this cause will be closed tomorrow for an indefinite period tomorrow.

A delegation of nine members, including legislators, legislators and businessmen from Unza Marketyard, are marching to present to the Prime Minister of Delhi on Monday in this regard.

The trade class is still confused due to some ambiguity regarding the limit imposed by the government with a cash withdrawal of Rs. It is unclear whether one crore is a Limit Bank Wise or a firm is Wise.

Traders receive one and a half per cent commission in the sale of agricultural goods among the agro-traders while the farmer insists on payment of cash, two percent of the TDS has to be paid to the government.

In this regard, there is a demand from traders that the current account of the traders should also have an Agri head and the traders with the Agri-headed Current account should be exempted from TDS.

It is currently uncertain when this fight will end. Besides the agricultural business of Rs 1 to 3 crore daily, the transport industry has also been feared that the trade will be hit hard.

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