1. GST impact: Madhya Pradesh wholesale markets wear deserted look on day 1 of new tax regime

GST impact: Madhya Pradesh wholesale markets wear deserted look on day 1 of new tax regime

Wholesale markets across Madhya Pradesh saw a thin footfalls today following confusion over the duty structure under the goods and services tax (GST) regime.

By: | Indore | Published: July 1, 2017 5:55 PM
Goods and Services Tax, GST impact, GST, GST launch, GST rollout, GST launch in India, Narendra Modi, Amit Shah, Arun Jaitley, BJP, NDA government, UPA government, Congress, new tax regime, new tax policy, Madhya Pradesh wholesale markets, markets deserted “The wholesales traders and customers in Madhya Pradesh are confused over GST as they don’t have any knowledge on GST levies on different goods,” Ahilya Chamber of Commerce and Industry president Ramesh Khandelwal told PTI. Representative image PTI)

Wholesale markets across Madhya Pradesh saw a thin footfalls today following confusion over the duty structure under the goods and services tax (GST) regime. “The wholesales traders and customers in Madhya Pradesh are confused over GST as they don’t have any knowledge on GST levies on different goods,” Ahilya Chamber of Commerce and Industry president Ramesh Khandelwal told PTI.

As a result, he said wholesale markets wore a deserted look today. He anticipated the slump to continue for a week or so as wholesale businessmen are rookies to GST. Besides, Khandelwal said rural wholesale markets too are not abreast with the new taxing regime.

Madhya Pradesh Dal Udyog Mahasangh president Suresh Agrawal said pulses attract 5 per cent levies under GST. This has hit the sale of branded pulses. After Maharashtra, Madhya Pradesh is the biggest producer of pulses in the country. However, Commercial Tax Department deputy commissioner D Sharma claimed that 2.72 lakh business establishments out of the 3.10 lakh registered units have already been linked to GST.

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