DY. CM, NCT OF DELHI PLEADS FOR LOWER GST RATES FOR HIGHER COMPLIANCE ALSO ANNOUNCES A ‘BUSINES CONCLAVE’ TO IMPROVE ON EASE OF DOING BUSINESS AT PHD CHAMBER

Deputy Chief Minister, Government of NCT of Delhi, Mr. Manish Sisodia on Wednesday announced that the government would hold a ‘Business Conclave’ in collaboration with industry associations such as PHD Chamber of Commerce and Industry to collectively identify issues and seek solutions that still obstruct the ease of doing business in the national capital.

The proposed ‘Business Conclave’ to be hosted in next 30-40 days following its conclusion would notify issues that require immediate policy intervention for improving ease of doing business in national capital be brained stormed within multiple government departments of national capital so that a relevant policy making is done and national capital becomes a hub of ease of doing business, he emphasized.

Addressing an Interaction Session on Ease of Doing Business and GST Gearing up for Change in Delhi NCR under aegis of PHD Chamber of Commerce and Industry here today, Mr. Sisodia observed that improving on ease of doing business in national capital is the foremost priority of the state government.

Alluding to recently GST Laws, the Deputy Chief Minister reiterated his commitment to industry recalling that he would still voice his concern for bringing down the higher slabs of GST to considerably lower rates in GST Council’s forthcoming meeting, arguing that the focus of Delhi Government would be to increase business without enhancing the GST slabs so that the tax compliance increases with increase in tax compliance basket.

According to him, the higher slab of GST at 28 per cent is still uncalled for as so long as this slab is not moderated, the GST cannot be termed as one of the most influential tax reforms in the history of post independent India.

In his welcome address, President, PHD Chamber, Mr. Gopal Jiwarajka also reminded Mr. Sisodia that taxing consumer durables and other such items at 28 per cent is too harsh and a review of this is called for in subsequent GST Council’s meetings.

Among others who also spoke on the occasion comprised Sr. Vice President, PHD Chamber, Mr. Anil Khaitan; Chairman and Co-Chairman, Delhi NCR Committee of the Chamber, Mr. Dhiraj Dhar Gupta and Mr. Pradeep Multani; Secretary, DFOF, Mr. Sameer Nayyar; Director, PHD Chamber, Mr. Vivek Seigell.