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The Delhi Government has said that it is planning to make a demand for lowering of tax slabs to protect the interests of the capital’s traders and industrialists.
The Deputy Chief Minister, Sisodia, a member of the GST Council said that after a series of meetings with the capital’s traders, he will forward a demand for lowering of tax slabs in the council’s meeting on June 3.
Commenting on the issue, Delhi’s Deputy Chief Minister, Sisodia told the media, “I have met over 32 traders associations today and it seems that increase in taxes through GST will have an adverse impact on the capital’s trade and growth.”
“GST could completely fail if the process of implementing the tax measure is not corrected. Tax slabs need to be reduced as that could affect our small-scale industries and trades,” he said.
“The Centre is pushing its ‘Make in India’ policy and transparency in taxes, but if the taxes are so high, all our industries will have to either shut down or the owners forced to evade taxes,” the deputy chief minister said.