Traders apprise Meghwal of concerns over GST

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Tribune News Service

Amritsar, June18

A 10-member delegation led by Rajya Sabha MP Shwait Malik met the Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal, at his office in Delhi yesterday evening.

During the meeting, the delegation apprised the minister of their concerns over the GST.

The delegation also presented its suggestions on the Goods and Service Tax (GST) before the minister at a meeting, which lasted around 30 minutes.

Piara Lal Seth, president, Punjab Vyapar Mandal; Balbir Bajaj, president, Indo-Foreign Trade Chambers of Dry Fruit; Kamal Dalmia, vice-president, Processors Association; and Rajesh Bhatia, vice –president, Indo Afghan Chamber of Dry fruits Commerce, were a part of the delegation.

Piara Lal Seth welcomed the reduction of the GST on textile work from 18% to 5%. He appealed to the minister to reduce the tax rate on shawl manufacturing from 18% to 5%.

Balbir Bajaj suggested raisins and cashew nuts to be kept under the 5% GST slab, whereas all other dry fruits, including peanuts, should be under the 12% GST slab.

Kamal Dalmia praised the government for introducing a composition scheme with a turnover limit of Rs 75 lakh.

The minister welcomes suggestions made by the delegation and assured it of full cooperation

He said the government was carefully considering the suggestion made by traders on the GST. The rates of many items had reduced while some had been put on the exemption list and the process of reforms would continue, the minister added.

Malik said, “The GST is the biggest overhaul of India’s tax system since Independence. It will boost the GDP to double digits.”

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