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GST will hit small businesses, push Chinese imports: Swadeshi Jagran Manch

Nation
DC Correspondent
29 Jun 2017 1:11 AM IST
Trinamul chief Mamata Banerjee also declared in Kolkata that her party “will not attend†the GST rollout programme on June 30 midnight.
With just four days left for the rollout of GST, the government has deferred implementation of TDS and TCS provisions as well as exempted from registration small businesses selling on ecommerce platform. E-commerce firms will not be required to collect 1 per cent TCS (Tax Collection at Source) while making payment to suppliers under the Goods and Services Tax (GST) which will be rolled out from July 1.
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With just four days left for the rollout of GST, the government has deferred implementation of TDS and TCS provisions as well as exempted from registration small businesses selling on ecommerce platform. E-commerce firms will not be required to collect 1 per cent TCS (Tax Collection at Source) while making payment to suppliers under the Goods and Services Tax (GST) which will be rolled out from July 1.

New Delhi: With the new tax regime — GST — being launched from midnight on June 30, not merely the Opposition but the Swadeshi Jagran Manch, an RSS affiliate has found faultlines in the much-hyped policy.

On Wednesday the SJM claimed that “due care has not been taken to keep rates low for commodities being produced by small-scale industries.”

Trinamul chief Mamata Banerjee also declared in Kolkata that her party “will not attend” the GST rollout programme on June 30 midnight.

Virtually poking holes in the Centre’s “Sab ke sabka vikas” slogan, national co-convener of the SJM Dr Ashwani Mahajan claimed that while deciding about the rates of GST, “due care has not been taken to keep rates low for commodities being produced by SSIs and providing huge employment”.

Dr Mahajan pointed out that small-scale industries which include manufacturers of beedi, crackers, beverages, biscuits, pickles, confectionery, scissors and host of other products would “attract higher rates of GST, which is likely to affect their competitiveness”.

( Source : Deccan Chronicle with agency inputs )
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