Commerce Minister Piyush Goyal assures MSMEs to develop Udyam into one window system

New Delhi, Feb 10 (KNN) Commerce Minister Piyush Goyal assured MSMEs to develop the  UDYAM registration as a single point for obtaining different licenses for trading activities.

He said this while having a conversation with Comfederation of All India Traders (CAIT).

He urged the traders and business community to enroll themselves on UDYAM portal as it will enable the traders to avail priority sector lending from banks and financial institutions which will strengthen their business activities and make them compatible to meet any domestic or global challenges.

In view of the GST on textile, he accepted the request of CAIT and to take up issue of levy of 5 per cent GST on textile under 5 per cent tax slab and assured he will soon take up this matter with Union Finance Minister Smt Nirmala Sitharaman.

“The Union Government led by Prime Minister Narendra Modi is committed to structural growth of domestic trade and providing all opportunities to people who are willing to export their products,” he added.

CAIT Secretary General Praveen Khandelwal lauded the assurance given by Minister Goyal on making UDYAM a one window system for traders and also to take forward the issue of textile trade in respect of GST. 

He requested Commerce Minister Goyal to treat levy of 5 per cent GST on footwear as well in which the tax rate has been increased to 12 per cent by GST Council. 

A delegation of CAIT will soon meet Commerce Minister Goyal and submit its White Paper on issues and challenges of domestic trade. (KNN Bureau)