After the farmers, now the traders are protesting against the government, these new rules of GST

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New Delhi, 25 December 2020 Friday

The Confederation of All India Traders (Cait), an association of traders, has opposed the inclusion of Section 86-B in the GST rules. Under Section 86-B, traders with a monthly turnover of more than Rs 50 lakh will have to pay 1 per cent GST, the government said. The move is aimed at curbing tax evasion by the government, but traders have protested and demanded its withdrawal.

Kate has written a letter to Finance Minister Nirmala Sitharaman seeking immediate suspension of the rule and its implementation after deliberations with traders. Kate also demanded that the last date for filing GST and income tax returns be extended to December 31, 2020 for three months. In a letter to Sitharaman, CAT President BC Bhartiya and General Secretary Praveen Khandelwal said it was time for the government to sit down with traders and review the GST system.

He said that Rule 86B would adversely affect the business of traders across the country, business is already stalled due to Corona, and in such a situation this new rule will increase the burden on traders unnecessarily, the payment cycle of traders has deteriorated over the last 1 year. Payment of goods and GST amount is not coming for months, adding 1 per cent GST will impose additional financial burden on traders which is not fair.

Kate said the GST department has complaints against the whitewashing of GST revenue through bogus bills, in which case the law should be strictly enforced by the people, but it is not appropriate to ban all traders because of some people, so the rule should be stopped for now.

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