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GST News Details

Chandigarh Traders Oppose Proposed Hike in GST Rates

The Chandigarh Beopar Mandal (CBM) has opposed the proposed increase of GST rates from 5 per cent to 12 per cent on fabrics and readymade garments and footwear up to the value of Rs 1,000.

On the invitation of Randhir Singh, newly appointed Assistant Excise and Taxation Commissioner (AETC), office-bearers of the CBM and presidents of market associations attended a meeting in the office of the Excise and Taxation Department.

Randhir appealed to the CBM to spread awareness among shopkeepers to issue bills for every sale so that revenue of the department could increase further.

Ram Karan Gupta, chairman, GST Coordination Committee, and Baljinder Gujral, General Secretary, CBM, presented a memorandum to be forwarded to the Union Finance Minister to reconsider the proposed increase in GST from 5 per cent to 12 per cent on fabrics and readymade garments/footwear up to the value of Rs1,000.

Charanjiv Singh, president, CBM, requested the officer to take up the matter to implement a scheme on the pattern of Punjab’s one-time settlement scheme of outstanding dues for disposal of VAT assessment cases of pre-GST period. “This issue is already under consideration of the UT Administration,” 

Source : The Tribune