New government must untangle the GST complexities, says trade body

Updated - June 06, 2024 12:18 am IST

Published - June 05, 2024 08:05 pm IST - MADURAI 

The bonafide grievances of traders related to the highly-complicated GST system must be addressed by the new government to be formed at the Centre, said Agro Food Chamber of Commerce and Industry.

In a statement, its president S. Rethinavelu said that despite several representations by various trade bodies throughout the country, the previous government did not take steps to address the GST issues.  “The GST system, which was brought in to do away with ‘tax terrorism,’ had itself become one, driving away thousands of traders from their livelihood, especially in Micro Small and Medium Enterprises (MSME) sector,” he said.  

While taking care of big corporate entities, the interests of MSMEs, which generate 40% of the employment, were brushed off. This led to many MSME units downing shutters, thereby resulting in unemployment, he said. 

Commenting on the drawbacks of single party rule in the Centre, he said that most of the time step-motherly treatment was meted out to the States where opposition parties ruled. “For instance, some of the long-pending demands such as upgrading of Madurai airport to international status and expediting the construction of Madurai AIIMS were not listened to by the previous government,” he said.  

Besides, the new government should also address issues of farmers. Immediate steps should be taken to rejuvenate tanks, lakes and ‘kanmois’ by desilting them as low water storage was the main reason for the low yield experienced by farmers, Mr. Rethinavelu said.  

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.