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		<title>Trade Body Urges New Government to Simplify GST System</title>
		<link>https://www.nyca.in/trade-body-urges-new-government-to-simplify-gst-system/</link>
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		<pubDate>Thu, 06 Jun 2024 09:40:19 +0000</pubDate>
				<category><![CDATA[GST]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Addressing GST challenges]]></category>
		<category><![CDATA[Agro Food Chamber of Commerce]]></category>
		<category><![CDATA[Corporate vs MSMEs GST]]></category>
		<category><![CDATA[Government and GST reforms]]></category>
		<category><![CDATA[GST and unemployment]]></category>
		<category><![CDATA[GST complexities]]></category>
		<category><![CDATA[GST framework issues]]></category>
		<category><![CDATA[GST impact on employment]]></category>
		<category><![CDATA[GST impact on small businesses]]></category>
		<category><![CDATA[GST impact on traders]]></category>
		<category><![CDATA[GST issues MSMEs]]></category>
		<category><![CDATA[GST reforms for traders]]></category>
		<category><![CDATA[GST system overhaul]]></category>
		<category><![CDATA[GST tax terrorism]]></category>
		<category><![CDATA[MSMEs and GST]]></category>
		<category><![CDATA[Neglect of MSMEs]]></category>
		<category><![CDATA[New government GST changes]]></category>
		<category><![CDATA[Simplify GST system]]></category>
		<category><![CDATA[Trade body urges government]]></category>
		<category><![CDATA[Trade organizations GST appeal]]></category>
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					<description><![CDATA[<p>The Agro Food Chamber urges the new government to simplify the complex GST system affecting traders and MSMEs, highlighting previous administration's failures.</p>
<p>The post <a rel="nofollow" href="https://www.nyca.in/trade-body-urges-new-government-to-simplify-gst-system/">Trade Body Urges New Government to Simplify GST System</a> appeared first on <a rel="nofollow" href="https://www.nyca.in">CA in Jaipur | CA. Yogesh Jangid |ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases</a>.</p>
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									<p>The Agro Food Chamber of Commerce and Industry has called on the incoming central government to address the numerous complexities associated with the Goods and Services Tax (GST) system, which have long been a source of frustration for traders.</p><p>In a recent statement, the chamber&#8217;s president highlighted that despite multiple appeals from various trade organizations across the nation, the previous administration failed to resolve the issues plaguing the GST framework. &#8220;Originally introduced to eliminate &#8216;tax terrorism,&#8217; the GST system has ironically become a source of such terror itself, forcing many traders, particularly in the Micro, Small, and Medium Enterprises (MSME) sector, out of business,&#8221; he remarked.</p><p>The president further criticized the neglect of MSMEs, which are responsible for generating 40% of the country’s employment, while the needs of large corporations were prioritized. This oversight has led to the closure of many MSME units, exacerbating unemployment, he added.</p><p>Discussing the drawbacks of single-party dominance at the Centre, he noted that states governed by opposition parties often faced discriminatory treatment. &#8220;For example, longstanding requests like upgrading Madurai airport to international status and accelerating the construction of Madurai AIIMS were ignored by the previous government,&#8221; he pointed out.</p><p>Additionally, he emphasized the necessity for the new government to address agricultural issues. Immediate action is needed to rejuvenate tanks, lakes, and &#8216;kanmois&#8217; by desilting them, as inadequate water storage has been a primary factor in the reduced yields experienced by farmers, he concluded.</p>								</div>
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									<p><strong>Source:</strong> <span style="color: #99ccff;"><a style="color: #99ccff;" href="https://www.thehindu.com/news/cities/Madurai/new-government-must-untangle-the-gst-compexities-says-trade-body/article68255462.ece" target="_blank" rel="noopener">The Hindu</a></span></p>								</div>
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		<p>The post <a rel="nofollow" href="https://www.nyca.in/trade-body-urges-new-government-to-simplify-gst-system/">Trade Body Urges New Government to Simplify GST System</a> appeared first on <a rel="nofollow" href="https://www.nyca.in">CA in Jaipur | CA. Yogesh Jangid |ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases</a>.</p>
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