<img title="Representation pic" src="http://images.mid-day.com/images/2017/jul/GST-Chennai.jpg" alt="Representation pic" width="670" height="447" /> Representation pic
Ahead of the Budget session on January 29, hardware dealers here are hopeful of a reduction in Goods and Services Tax (GST) rates, as well as a more streamlined process of filing tax returns.
'The introduction of a unified tax system is undoubtedly beneficial to the common man. However, there is a lot of paperwork involved in filing returns. I believe this process should be made simplified for easy filing of returns,' Ibrahim, a hardware dealer, told ANI. While the GST has adversely impacted sales in the short run, vendors believe the hardship will fade out in the coming months.
'Businesses have dipped in the past few months because of the GST. Many shops have closed down as well in these months. However, in the long run, we expect sales to pick up,' said Raghu, a hardware shop owner. Dealers have also proposed a significant reduction in the GST levied on hardware products, in order to comfortably break even.
On a related note, the Budget will be presented on February 1. The first Budget Session of Parliament will be held from January 29 to February 9, while the second session will be held from March 5 to April 6. This will be the last full-fledged budget that will be presented by Prime Minister Narendra Modi-led Union Government.
<a href="http://www.mid-day.com/news">Catch up on all the latest Mumbai, National and International news here</a>
Download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get updates on all the latest and trending stories on the go

Ahead of the Budget session on January 29, hardware dealers here are hopeful of a reduction in Goods and Services Tax (GST) rates, as well as a more streamlined process of filing tax returns

Budget 2018: Hardware dealers suggest simplification of filing GST returns

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / Budget 2018: Hardware dealers suggest simplification of filing GST returns

Budget 2018: Hardware dealers suggest simplification of filing GST returns

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast