Political News

Traders on strike today over GST

Dated 16th June, 2017

Traders on strike today over GSTNEW DELHI: Wholesale traders at Chandni Chowk, one of the biggest markets in the city, are going to down their shutters on Thursday to protest against the implementation of Goods and Services Tax (GST).

The bandh, called by Chandni Chowk Sarv Vyapar Mandal, is being supported by several other associations. The traders argue that GST being imposed on some commodities is "exorbitantly raised" and the commodities had never been included in the tax bracket earlier.

"Textiles have never been taxed since Independence. Compliance to GST is going to be extremely difficult and will be next to impossible for the new traders in cloth business," said general secretary of traders association Sanjay Bhargava.

Traders demand a revision of tax rates and withdrawal of taxes on textiles. "Deadline to enrollment for GST is May 15, but most of the traders have not yet been enrolled in the system as textile was included in the list at the very last stage," rued Bhargava.

Source: timesofindia.com