The Federation of All India Vyapar Mandal has written a representation letter to Finance Minister Smt. Nirmala Sitharaman, requesting the Ministry of Finance to write a new simple and practical GST law to facilitate small traders of the nation. Read the official representation letter below:
Ref: FAIVM/21-03/GST/628
Date: 23rd March 2021
Smt, Nirmala Sitharaman
Hon'ble Union Finance Minister
Government of India
New Delhi
Respected Madam,
Sub: Reminder Request Letter for writing a new simple and practical GST law to facilitate small traders of the nation
We draw your kind attention to our earlier request sent, on 22nd February 2021, to Hon'ble Prime Minister through District Magistrate / Collectors / Dy Commissioners by about 200 District Units/Affiliated Organisations of nation's apex Trade body Federation of All India Vyapar Mandal. By such request letter we had sought to re-write a new GST Law as structural changes are required in the current GST law to address the difficulties faced by small traders in compliance with the increasing complexities of GST.
Today, on 23 March 2021, again, reminder request letter is being sent to Hon'ble Prime Minister by the more than 400 District Units and Affiliated Organisations of Federation of All India Vyapar Mandal, through District Magistrate / Collectors / Dy Commissioners of their respective districts.
Respected Finance Minister, India's traditional small retail trader is known as a backbone in India's economy. By employing himself in business he is not only reducing Government's burden to provide him employment but also providing employment to 44 crore youth of the nation.
We also want to let you know that only 20% of the collection in GST revenue collection comes from the small Traders/ Retailers while 80% of the collection comes from the industry and services sector. In such a situation, if the provisions of GST for small traders are simplified and made easy, then every trader of the nation will put his full strength in increasing trade and ensure his participation in the economy of the nation more.
From time to time the government reviews the old laws and amends the laws based on the demand of the time and prior experience. Therefore, through this reminder request letter, the small traders and retailers community of India urges you that a new GST Law should be framed to ensure the protection of Traders from financial and mental harassment. If the following suggestions regarding the new GST law are implemented, the small traders and retailers will feel great ease and simplicity and will be motivated voluntarily to comply with the tax.
To read/download the full representation letter, find the enclosed attachment
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