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30/01/2023 11:24am

One Nation - One License policy, traders await for announcement in budget 2023

image One Nation - One License policy, traders await for announcement in budget 2023

New Delhi, Jan 30 (KNN) Having high hopes from the Union Budget, traders are looking for a One Nation - One License policy on the pattern of one nation-one tax, said the Confederation of All India Traders (CAIT).


Expecting reduction in GST rates in various items, CAIT National President B C Bhartia said the trading community has grossly advocated review of all Acts & Rules governing retail trade and substantial incentives for adoption and acceptance of digital payments in the business transactions.

“Reduction in tax rate slabs of Income tax is one another area which the traders are hoping to get placed in the budget. The small businesses and the MSME sector also might get some favourable and supportive policies,” he added. 

He also said that there is a great hope of announcing a policy in the budget on how to promote employment through business in rural areas.

CAIT will organize live Union Budget presentation at over 1000 places across India on February 1, 2023.

It has advised the trade associations to make elaborate arrangements at public places in their respective cities for the screening of live budget presentations.

This event will be held simultaneously at more than a thousand places across the country including Delhi, said the CAIT.

In Delhi the event will be held at Khan Market in association with the Khan Market Traders Association where the Union Budget will be broadcast live by installing big LED screens, informed CAIT National Secretary General Praveen Khandelwal.

It has also invited distinguished journalists, retail experts, economists, Chartered Accountants, Tax Advocates and leaders of leading organisations of MSME, transport, farmers, women entrepreneurs, startups, consumers etc.

He further informed that soon after the presentation of the Budget, the audience in attendance will review and discuss the budget provisions and will express their opinion.  (KNN Bureau)


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