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Industry News | Time:Jul 17 2017 3:20PM
GST has imposed price burden on small biz, informal workers: CITU
 
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The Good and Services tax (GST) has adversely impacted the common people, particularly unorganised sector workers and those engaged in small and decentralised manufacturing, such as tailoring, garments, textile, construction, matches & fireworks and passenger & goods transport and so on, the Centre of Indian Trade Unions (CITU) has said.

“Even insurance premium is not spared from high taxation. Normal activities in many of these sectors have been affected and/or collapsed leading to massive job losses,” the trade union said in a resolution adopted by it at its central meeting held in Shimla on Sunday.

CITU said the GST regime had resulted in “enormously higher burden of taxation on many essential commodities”.

Source: Business Line



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