The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

CAIT urges FM Sitharaman to waive mandatory GST qualification for e commerce

by TLN Team March 13, 2022March 13, 2022
written by TLN Team March 13, 2022March 13, 2022
CAIT urges FM Sitharaman to waive mandatory GST qualification for e commerce

The Confederation of All India Traders ( CAIT) has drawn the attention of Union Finance Minister Smt Nirmala Sitharaman towards an anomaly under GST which runs contrary to the vision of “Digital India “ of Prime Minister Shri Narendra Modi and urge her to set the things right in next GST Council meeting by taking a decision to amend Section 24 and Section 52 of the Goods & Services Act. The CAIT has urged that mandatory condition of obtaining GST registration for e-commerce supplies should be exempted in section 24 and under section 52, collection of one percent GST tax rate may be levied on e-commerce marketplace or Aggregator for all the transactions that happened on their respective platform and in this way, the Government will be able to track the transactions and will also accrue tax revenue from e-commerce portals

CAIT National President Mr B C Bhartia and Secretary General Mr Praveen Khandelwal said that under GST Act a seller who wishes to sell products in e-Commerce is invariably required to obtain GST No. Any seller who does not have GST No is not allowed to sell products on any e-Commerce portal. This provision of the Act is barring not only lakhs of traders across the Country from using e-Commerce to sell their products but even prohibit large numbers of small businesses of artisans, craftsmen, household and cottage industry, women entrepreneurs who are conducting businesses from their home to supplement the income of the family and people of other similar sections of the society.

Mr Bhartia & Mr Khandelwal said that on the one hand in pursuance of the vision of PM Modi, several ministries and state governments are eager to bring more and more sellers on e commerce platform but the provision of not allowing sellers without having GST number has become a major deterrent and roadblock to embrace digital commerce by lakhs of traders of the Country. Though the Govt is making all efforts for empowerment of small retailers in the Country but since these small retailers are having their annual turnover less than Rs 40 lakhs which is threshold limit under GST and such retailers are not required to obtain GST registration,and hence this threshold relief given by the GST Council has become a nightmare for those small traders who wish to adopt digital commerce.

Shri Bhartia and Shri Khandelwal said that it will be pertinent to remove the condition of GST number while onboarding on any e-commerce portal . For the purpose of authentication, the Aadhar number, Bank Account details or similar other measures may be designated as essential qualification for onboarding on e-commerce portals .They further said that such a provision is badly hitting not only the domestic market but even exports are being suffered to a greater extent .

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Cyber cell officers interrogate Fadnavis for two hours
next post
Madhya Pradesh Tourism Board Successfully hosted “Go Heritage Run” in Pench National Park

You may also like

Interaction Meeting with Ms Ebtesam Alkaabi, Head of...

September 20, 2023

Promoting Peace through Literature and Music- Eminent Scholars...

September 17, 2023

Industry meet on Sept 17

September 15, 2023

Loans for Maratha entrepreneurs available through Annasaheb Patil...

September 14, 2023

WCL and Vensar ink MoU for Walani underground...

September 12, 2023

VIA LEW Session on CRM – The Golden Pot...

September 11, 2023

Badjate Stock & Shares Pvt. Ltd. leads the...

August 30, 2023

Booking of Stalls for VIALEW 26th “Udyojika – An...

August 28, 2023

Rajesh Sarda elected as new president of Steel...

August 27, 2023

Char-Choughi Expo received good response

August 23, 2023

Trending News

  • Heavy Rain – Alert by NMC

    September 23, 2023
  • Holiday announced for schools & colleges in Nagpur district

    September 23, 2023
  • DCM Devendra Fadnavis is continuously monitoring the heavy rain situation in Nagpur.

    September 23, 2023
  • Streets, Houses Submerged After Heavy Rain In Nagpur

    September 23, 2023
  • National Cinema Day will allow viewers to watch movies for Rs99 per admission

    September 22, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.