Coronavirus Lockdown: Trader’s body writes to PM, suggests measures to tide over financial stress – Firstpost

Kolkata: A nationwide body of merchants has written to Prime Minister Narendra Modi, suggesting a number of measures to assist the group tide over the disaster triggered by the coronavirus lockdown, together with placing a cap on the worth of e-commerce gross sales and giving entry to Udyog Aadhaar playing cards.

The Federation of All India Vyapar Mandal mentioned it determined to search the PM’s intervention after assembly its representatives in 17 states on the way in which ahead for the 6.5 odd crore merchants.

In the letter to the prime minister, it mentioned that e-commerce gamers shouldn’t be allowed to promote merchandise over Rs 5,000.

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This provision is extraordinarily important for merchants of digital items, cellphones, computer systems and laptops, whose enterprise has been severely hit due to the rising e-commerce section, nationwide secretary of Vyapar Mandal, V Ok Bansal mentioned.

The letter additionally mentioned the merchants must be accorded the standing of service suppliers and allowed to apply for Udyog Aadhaar playing cards to avail the advantages of loans provided to small and micro enterprise/service suppliers at an inexpensive curiosity of 6 p.c.

Vyapar Mandal batted for the introduction of a single level GST system underneath which your complete tax quantity is collected on the producers’ finish on prevailing charges.

It additionally mentioned due to the lockdown, a number of items have been stocked up for months in warehouses and are shedding their unique high quality due to which they’re being offered at lower than the acquisition worth.

“The government should refund the excess to GST to traders,” mentioned Sushil Poddar, convenor of the japanese zone of Vyapar Mandal.

Updated Date: May 26, 2020 18:22:43 IST

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