CAIT LAUDS PM MODI AND FM SITHARAMAN FOR THIS BIG RELIEF
NAGPUR :-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 Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for this progressive decision which was demanded by CAIT since last more than two years.
CAIT National President B C Bhartia & Secretary General Praveen Khandelwal 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 of PM Modi. 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 Bhartia and Khandelwal 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.
