Apex traders body, the Confederation of All India Traders (CAIT), presented an exhaustive White Paper on GST to the Union Finance Minister Smt. Nirmala Sitharaman last week. The paper tends to draw attention of the government pertaining to tax slab linked anomalies as the finance minister prepares for her maiden budget presentation next month.
CAIT through its whitepaper has strongly urged that the tax rate of raw material should not be more than the tax rate of finished goods. It has also demanded items like Auto Parts, Aluminium Utensils etc. to be pulled out of the highest tax bracket of 28% tax slab and may be put under lower tax slab. The confederation has also urged to reduce the tax rate from current slab to appropriate lower tax slab for items like Hardware & Millgin, Mobile covers, food items, Dry fruits, Ice Cream, food grains, Malt/cereal based health food drinks, Paints, Marble, Used Vehicles, two wheelers, Agricultural equipments, Roasted Chana, etc.