Rajendra Prasad Mohapatra

Cuttack: Traders' bodies in Cuttack have extended their support to the Bharat Bandh called by the Confederation of All India Traders (CAIT) on February 26.

The decision has been taken in a meeting at the Malgodown Traders Association office on Thursday.

The traders body in the Millennium City stated that they will be observing the Bandh in protest of Goods and Services Tax (GST),  arbitrariness of e-commerce and FSSAI rules.

The traders body also stated that the rules on input tax credit are a punishment for the traders. Given the complexity of GST, it has become very difficult to continue business, read a statement issued by the Association.

It is worth mentioning that nearly 40, 000 trade associations, representing as many as eight crore traders in the country, have extended their support to the nationwide Bandh called by CAIT tomorrow. They are demanding a review of the provisions of the goods and services tax (GST) regime.

According to a CAIT statement, all commercial markets across the country will remain closed to mark the protest. Plans are also afoot for a Chakka Jam.

The traders body has alleged violation of e-commerce rules by major e-tailers.

"There is no effective regulator to monitor e-commerce business in the country because of which e-commerce firms are adopting unethical and unfair business practices which are affecting offline traders," the statement read.

In a letter to Prime Minister Narendra Modi, the organisation has called for setting up a central working group comprising senior officials, CAIT representatives and independent tax experts to review the GST structure.