Delhi's Deputy Chief Minister and Finance Minister Manish Sisodia met with the representatives of trade unions of different markets of the national Capital and said that lakhs of traders will get relief due to the elimination of the mandatory Good and Services Tax (GST) audit.
Sisodia said that the Delhi GST (Amendment) Bill has benefitted lakhs of Delhi traders. He also gave detailed information to the traders about these 15 amendments, present in the GST (Amendment) Bill.
"Earlier, if the GST 3B was late, a rule of interest was attached to the entire output tax. Now, after the change in Section 50, interest will have to be paid only on the net cash liability. Similarly, 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," he said.
"The rules to prevent evasion of GST by creating bogus firms have also been tightened that will ensure that the masterminds of such thefts are caught and held accountable," he added.
Sisodia said, “The Delhi Government keeps on taking suggestions from the traders of Delhi 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.”
GST expert CA Rakesh Gupta, who was involved in the meeting informed that last week, 15 amendments were approved in the Delhi Assembly under the Delhi GST (Amendment) Bill. Under the chairmanship of Brijesh Goyal, Chamber of Trade and Industry (CTI), traders from 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. participated in the meeting.