Delhi grain markets remain closed as traders protest GST on packed food
[ad_1]
Wholesale and retail grain markets in the city remained closed on Saturday due to a protest by traders against the GST Council’s decision to levy a 5 per cent GST on pre-packed and labelled food items.
Wholesale grain markets at Narela, Bawana and other parts of the city wore a deserted look due to the market bandh called by traders. Many retail grain markets in the city were also closed.
Delhi Grain Merchant Association President Naresh Kumar Gupta said that this is for the first time when non-branded food items are being brought under the GST and claimed that the decision was not in favour of the general public and traders.
We are against this decision. To protest against the move, we have decided to observe a bandh on Saturday. All shops dealing with grains are shut. We have requested Finance Minister Nirmala Sitharaman to keep food items out of the GST net. This decision should be rolled back, Gupta told PTI.
He said that Saturday’s strike was a symbolic one-day protest and any call on future strategy will be taken later.
The GST Council, the highest decision-making body on the levy of Goods and Services Tax, last month accepted most of the recommendations of a group of ministers from states on withdrawing exemptions with a view to rationalising the levy.
It was decided in the meeting that pre-packed and labelled meat (except frozen), fish, curd, paneer, honey, dried leguminous vegetables, dried makhana, wheat and other cereals, wheat or meslin flour, jaggery, puffed rice (muri), all goods and organic manure and coir pith compost will not be exempted from GST and will now attract a 5 per cent tax.
Meanwhile, traders in the APMC market at Navi Mumbai in Maharashtra also observed a bandh. In Jammu, traders held a protest march against the GST Council’s decision to levy GST on cereals, grains and other pre-packed and labelled food items.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
[ad_2]
Source link
Comments are closed.