Much more needed to make GST simplified; requires fresh review: CAIT urges FM Nirmala Sitharaman

Hailing the ‘success’ of six years of the Goods and Services Tax (GST) rollout, traders’ body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman that the tax system

“should be made stable and a more simplified tax by removing the current existing anomalies.” CAIT said much more is needed for making GST a simplified and rationalised tax system.

The traders’ body in a statement called for the setting up of a special task force including senior government officials, businessmen and industry representatives providing suggestions on rationalising GST and reducing the multiplicity of laws and regulations on traders.

Moreover, the task force will also suggest how to increase and enlarge the tax net, prevent fake billing and wrong inputs.

CAIT National President B C Bhartia and National Secretary General Praveen Khandelwal said that with the experience of central and state governments and traders on GST in the past six years, the tax system should be reviewed afresh as a simple and convenient tax.

Bhartia and Khandelwal also suggested that a ‘GST coordination committee’ should be formed at every district level in the country under the chairmanship of a collector in which local tax and other officials and local business leaders should be included.