National Business Conference to be held with big discussion on GST and e-commerce
There will be a campaign against the arbitrary and oppressive business practices of foreign e-commerce giants, the inconsistencies within the Goods and Services Tax (GST). For this, a three-day National Business Conference is being organized in Prayagraj from Monday to Monday. There’ll be a brainstorm on e-commerce and GST at the conference organized by the Confederation of All India Traders (CAT) in Nagpur. it’ll include quite 2 hundred prominent business leaders from all states of the country. A national campaign also will be launched by the organization after this conference. This big discussion is to joining GST with eCommerce to down a few percentages or to put in different percentage criteria. In terms to provide benefits to Indian economy with e-commerce.
Preparations to curb e-commerce companies
The organization says it’s not against e-commerce companies. However, of course, selling goods at a price less than the value, giving more discounts, selling the brands only on your portal, hiding the knowledge of which countries are selling the products is contrary to the trade values. The organization will leave no stone unturned in complying with the law of the country or forcing them to travel to their country of origin.
GST has become a really complex system for traders: CAT State President
CAT state president Mahendra Goyal said that GST is that the best taxation system as taxes is reduced. However, GST has become a really complex system for traders within the current scenario. This wasn’t the case in any legal system. Even four years after the enactment of this law, the GST portal couldn’t be stabilized. Putting everything on the heads of traders has become a fashion. There’ll be a significant debate on GST anomalies within the conference. There’ll be a brainstorm on the simplification of GST then it’ll be conveyed to the govt.