Saturday, September 25, 2021
News

Sisodia meets Delhi traders on GST issue

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Tuesday, 2021 3:15:06 AM IST
Delhi Deputy Chief Minister Manish Sisodia on Monday held a meeting with the representatives of trade unions of different markets, three days after the AAP government passed the Goods and Service Tax (GST) (Amendment) Bill.

The Arvind Kejriwal-led Delhi government passed the bill during the monsoon session of the Delhi assembly on July 30.

During the meeting on Monday, Sisodia, who also holds the Finance portfolio, stated the GST audit, which used to be done earlier by the traders will not be needed anymore.

He said that so far, if the GST 3B was late, a rule of interest was attached to the entire output tax, but now after the change in section 50, interest will have to be paid only on the net cash liability.

Similarly, previously, there was a provision to pay tax and fine in case of detention or confiscation of goods. Now, traders and transporters have been given relief by changing it. The rules to prevent evasion of GST by creating bogus firms have also been tightened, which will ensure that the masterminds of such thefts are caught and held accountable.

"Delhi government keeps on taking suggestions from the traders from time to time and makes its policies based on those suggestions. The doors of the Delhi government are always open for our traders and they can provide their suggestions any time to the Delhi government," Sisodia said.

The traders who participated in the meeting were from several markets in Delhi such as -- Kashmere Gate, Chandni Chowk, Lajpat Nagar, Sadar Bazar, Chawri Bazar, Karol Bagh, Khari Baoli, Connaught Place, South Ex., Nehru Place, Kamla Nagar, Laxmi Nagar, Shahdara, Rajouri Garden, Sarojini Nagar, etc.

--IANS pd/pgh

( 290 Words)

2021-08-02-21:20:03 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
(MCQs Term 1 Boards) 10 th 12 th Exam Pr...
Spices Board to e-auction 75,000 kg of c...
Pall of gloom in Sivakasi after Delhi's ...
China bans cryptocurrencies, mining proj...
Sensex gained 2.4x from 2020 lows to 60K...
UltraTech Cement joins RE100, commits to...
More...
 
INDIA WORLD ASIA
Maintaining motivation at home during CO...
Wasn't sure about cracking exams this ti...
Maharashtra govt postpones recruitment e...
Digital exhibition on Netaji Subhash Cha...
'K'taka Cong using Covid deaths for poli...
Competition Commission of India penalise...
More...    
 
 Top Stories
IPL 2021: Should have scored 170-18... 
'Pak has history of supporting terr... 
Wasn't sure about cracking exams th... 
IPL 2021: Bravo's execution against... 
PM Modi to address UNGA today, like... 
Maharashtra govt postpones recruitm... 
Abbas gives Israel 1 year to end oc... 
Digital exhibition on Netaji Subhas...