Small biz not ready for GST, delay roll out till September

TIL Desk Business/New Delhi/ Traders association Confederation of All India Traders (CAIT) today made a case for delaying the roll out of Goods and Services Tax (GST) regime to September 1 as small businesses are not yet prepared for it.

Nearly 70 per cent of small businesses in the country are yet to adopt digital technology in their business format and as such it is a big challenge for them to computerised themselves in the shortest period, CAIT Secretary General Praveen Khandelwal said.

“Accordingly, the deadline of GST implementation from July 1, may be deferred for a reasonable time and meanwhile a nationwide campaign for mass awareness on GST may be conducted involving trade associations all over the country,” he said.

Though CAIT favour early implementation of GST in the country yet it has urged the Government to give reasonable time to traders to understand the provisions of GST and prepare themselves for smooth transition from current VAT regime to GST, he said.

The GST, a technology-based taxation system, requires compliance through online system, he added.