The Confederation of All India Traders (CAIT) called for setting up of a special working group at the central level comprising senior officials, CAIT representatives and independent tax experts to review the GST structure and make recommendations to the government., , cait, E-Commerce Rules, prime minister, narendra modi
CAIT calls for a regulatory body to govern e-commerce companies
February 22, 2021
The government should set up a regulatory authority to monitor and regulate e-commerce businesses in the country, and it should be empowered with due rights to penalise these companies in case they violate India’s laws, the traders’ body Confederation of All India Traders (CAIT) said. In a letter to Prime Minister Narendra Modi, the trade union also called for the government to issue a fresh Press Note, “blocking” e-commerce companies from violating India’s FDI rules. Press Notes are filed by the Commerce Ministry’s Department for Promotion of Industry and Internal Trade to regulate Foreign Direct Investment rules.
Highlights
The CAIT also called for a review of the GST system and its tax slabs to simplify and rationalise it for easier compliance by traders
CAIT Secretary-General Praveen Khandelwal said it is also talking to the government on this issue
All India Transporters Welfare Association will also support CAIT s Bharat Bandh call and hold a Chakka Jam on February 26
New Delhi: Traders body CAIT has given a call for Bharat Bandh on February 26, demanding a review of the provisions of the goods and services tax (GST) regime. During the badh, all commercial markets across the country will remain closed.