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The trade body has called for a review of the GST act and said that there is an emergent need to simplify and rationalise the tax structure in India
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Much against the declared spirit of goods and services tax (GST), it has become a "colonial taxation system" quite away from the ground realities of business conducted in India, said the Confederation of All India Traders (CAIT) on Monday.
The several amendments to GST implementation (rules and regulations) by the GST Council has has made the taxation system complicated and burdened the traders. This is against the vision of Prime Minister Narendra Modi's call for ease of doing business, said Praveen Khandelwal, Secretary-General, CAIT on Monday While addressing the traders in Suraj.
The conference was held by the Southern Gujrat Chamber of Commerce and tax advocates and the Surat Tax Bar Association.
The trade body has called for a review of the GST act and said that there is an emergent need to simplify and rationalise the tax structure in India.
BC Bhartia, National President, CAIT said that even after about 4 years of GST implementation in India, the GST portal is still struggling with many challenges. The rules are amended but the portal fails to update with said amendments in a timely.
Bhartia and Khandelwal said that so far no national appellate tribunal has been constituted. No central advance ruling authority has been constituted, giving a free hand to states to interpret the law in their own way distorting the fundamentals of "one nation one tax".