Nirmala Sitharaman: GST to be further simplified for traders
Parul January 9, 2020
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As per news reports, finance minister Nirmala Sitharaman has said that the government will resolve issues concerning traders anD with that GST would be further simplified.
Nirmala Sitharaman assured that the government is making all attempts to simplify and rationalise the GST tax structure to the extent that even an ordinary trader can comply with the Goods and Services Tax (GST) provisions, while speaking at the National Traders Convention of the Confederation of All India Traders (CAIT). In fact, Sitharaman lauded the role of the trading community for increasing the GST tax data. The three-day convention was attended by traders from across the country.
Finance minister quoted, “Under the chairmanship of the Revenue Secretary, a committee has been constituted, which is working day and night to explore the ways and means to simplify GST”.
At the event, CAIT Secretary, General Praveen Khandelwal quoted that the body has set itself a target of enhancing the number of traders registered under GST to 2 crores.
The finance minister also quoted that, Prime Minister Narendra Modi has placed the trading community as his priority. She further said that the finance ministry is aware of the problems being faced by traders in the taxation system and that the government would do its utmost for providing maximum relief to traders. Sitharaman also highlighted that it’s the need to bring their businesses into system and modernise their existing business formats.