Monday, 29 May 2017

Various tax slabs of GST creating anxiety to traders

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Confederation of All India Traders has said that classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country.

Commenting on the development, a CAIT Official told the media, “Various verticals of retail trade are demanding lower tax on items being dealt by them since they have been categorized under higher tax slab in comparison to tax slab of current VAT tax regime.”

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