Traders protest against GST Bill, send memorandum to FM

Traders under the banner of Mahanagar Udyog Vyapar Mandal (MUVM) protested at Ghanta Ghar on G.T. Road here over the proposed Goods and Service Tax (GST) Bill and demanded amendments in it. MUVM sources said, an online memorandum was also sent to Union Finance Minister Arun Jaitley proposing nine amendments to be incorporated in the GST Bill.

Terming the Bill as anti-trader, General Secretary of Vyapar Mandal Ashok Chawla in his address said, the proposed GST Bill will enhance the financial crisis of the traders as they are already facing hardships due to online trading. There will be no consistency and the net impact of the Bill will be just like VAT as taxation on petrol, diesel and tobacco have been exempted from the GST Amendment Bill and it will lie on the discretion of state governments, he said.