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

Sensex dives 1100 points, Nifti below 15,950 points

May 19, 2022

Action taken against 31 businessmen  for selling products...

May 17, 2022

Rupee hits all-time low against Dollar

May 17, 2022

NARENDRA MODI’S GOVERNMENT WILL ADDRESS ALL GST ISSUES...

May 15, 2022

Udyamita Yatra to reach city on May 24

May 13, 2022

Swiggy shuts down Supr Daily, suspend Swiggy Genie

May 11, 2022

VIA LEW conducted seminar on “Role of Technology...

May 11, 2022

Rupee touches all-time low of Rs 77.42 against...

May 10, 2022

Coal India is the third largest corporate spender...

May 8, 2022

Parag Agrawal’s wife linked with Musk’s $44 bn...

May 8, 2022

Trending News

  • Umran Malik becomes youngest bowler to take 20 wickets in an IPL

    May 19, 2022
  • Mini MBA course in just one rupee, know how

    May 17, 2022
  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022
  • Rohit Sharma, K L Rahul to be rested for T20 series

    May 15, 2022

Important Links

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

Available on Playstore & Coming Soon on Appstore

Search

March 2022
M T W T F S S
« Feb   Apr »
 123456
78910111213
14151617181920
21222324252627
28293031  

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
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.

KKM