News Analysis India

Tag: Confederation of All India

  • CAT team meets Union Minister Hardeep Puri, memorandum submitted regarding income tax and GST

    The CG Chapter delegation of the Confederation of All India Traders (CAT) met Union Minister Hardeep Singh Puri. Jitendra Doshi submitted a memorandum regarding income tax and GST under the leadership. Also submitted memorandum to start air service in Ambikapur and make Raipur airport an international airport. State General Secretary of CAT CG Chapter Jitendra Doshi said that many suggestions were given in the memorandum submitted to Union Minister Puri for income tax and GST. These include 105 percent of the input credit. Rule 21 Suspension / cancellation of GST registration. 50 percent reduction in validity period of e-way bill. Regarding not applying the provisions of e-invoicing to traders with turnover up to Rs 100 crore from January 1, 2021. With respect to providing an opportunity to take the hidden input tax credit. Regarding issuing notice on behalf of the department.

    Suggestion regarding GST annual statement. With regard to the changes in the GST system in April 2020. To provide exemption from interest, penalty and late fees. Problems related to transportation of goods and E-way bill. Regarding surrender of GST registration. Spot audit related provisions. Other Return Related Issues. Other suggestions for improving the provisions of GST. Tips for Relieving Business. Suggestions to reduce GST rate. Suggestions for a business one tax. Ajay Aggarwal, Nilesh Mundra, Kanti Patel and Jayant Mohta, among others, were present in the CAT team during the meeting.

  • CAT welcomes proposal to levy 2 percent additional tax on e-commerce companies

    The union budget proposal to impose an additional tax of 2 percent on foreign e-commerce companies has been welcomed by the tireless efforts of the Confederation of All India Traders (CAT). CAT’s national vice president Amar Parvani said that CAT had been urging the government to clamp down on e-commerce companies for the past several months. This is a major step under this. Now many other steps are likely to be taken in this way. Finance Minister Nirmala Sitharaman and Commerce Minister deserve thanks for this.

    Amar Parvani said that this provision has been made by proposing amendments in section 163 sub clause (3), section 164 clause (cb), section 165 sub clause (3) and clause (b) of the Finance Act, 2016 in the budget. These provisions will come into force from the previous date of 1 April 2020. Not only Amazon and Flipkart, but also Google, Microsoft, Zoom and other such foreign companies, which are engaged in selling goods or providing services through any online medium, will come under this provision. And they will have to pay 2 percent additional tax from April 1, 2020. This is a big and bold move of the government, which was warmly welcomed by traders across the country.