Saturday, February 4, 2023

GST COUNCIL TO ALLOW E-COMMERCE FOR UNREGISTERED GST VENDORS -A BIG BOOST FOR INDIA’S MSME SECTOR

CAIT LAUDS GST COUNCIL FOR THIS BIG RELIEF

RAIPUR: CAIT National Senior Vice President Amar Parwani, chairman Magelal Maloo , Amar Gidwani State President Jitendra Doshi , States Working President Vikram Singh Deo, Parmanand Jain , Vashu Makhija, state General secretary Suriender singh , State Working General secretary Bharat Jain, State Treasure Ajay Agrawal and state Midia Prabhari Sanjay Choubey informed Appreciating wholeheartedly the major decision of the GST Council to allow small unregistered vendors to sell their goods through e-commerce portals, the Confederation of All India Traders (CAIT) today thanked GST Council for this progressive decision which was demanded by CAIT since last more than two years.

CAIT National Senior Vice President Mr. Amar Parwani & States Working President Parmanand Jain said that this decision will empower small traders who are below GST threshold limit to expand their business through e-commerce and will strongly strengthen Digital India vision. They said that there are more than 8 crore small traders in the Country but large number of traders are conducting business activities without GST registration since their annual sale is below the GST threshold limit. Such traders will now be able to trade on e commerce

Both Mr. Parwani and Mr. Jain said that, India is fast emerging as the e-commerce hub and there is tremendous growth in online business. E-commerce business in India is now approximately 10% of total retail and around 25-50% of some sectors like garments and electronics. In view of this it was extremely pertinent that small vendors those who have small turnovers and do not fall under the purview of the GST, were not able to conduct online business, thus causing huge loss of market and business opportunities.

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