The goods transport associations in West Bengal will observe 36-hour 'chakka jam' across the state from 8 am of October nine till 8 pm of October 10 to protest the "disruptive" impact of GST on the trade.
"As a part of nationwide stir, goods transport associations will observe chakka jam from 8 pm of October nine to 8 pm of October 10 in the state to protest the adverse impact on the sector", president of Calcutta Goods Transport Association Prabhat Mittal told reporters here today.
Mittal said "implementation of GST had put coercive registration and unnecessary compliances by truckers and transporters".
He demanded that no vertical of the transport sector should be subject to GST registration and compliance.
According to him, the government had put double taxation in the reverse charge mechanism (RCM) and forward charge mechanism (FCM) at five per cent and 12 per cent respectively.
This, he said, was leading to massive complications and only a five per cent RCM should be put in place for the transport sector.
Keeping diesel, which accounted for 70 per cent of the transporters running cost, had been kept out of the GST ambit, he said.
Mittal said this on the top of this, daily price revisions of diesel prices was creating huge burden on the sector.
Corruption and harrasment had also compounded to the problems, he said.
"As a part of nationwide stir, goods transport associations will observe chakka jam from 8 pm of October nine to 8 pm of October 10 in the state to protest the adverse impact on the sector", president of Calcutta Goods Transport Association Prabhat Mittal told reporters here today.
Mittal said "implementation of GST had put coercive registration and unnecessary compliances by truckers and transporters".
He demanded that no vertical of the transport sector should be subject to GST registration and compliance.
According to him, the government had put double taxation in the reverse charge mechanism (RCM) and forward charge mechanism (FCM) at five per cent and 12 per cent respectively.
This, he said, was leading to massive complications and only a five per cent RCM should be put in place for the transport sector.
Keeping diesel, which accounted for 70 per cent of the transporters running cost, had been kept out of the GST ambit, he said.
Mittal said this on the top of this, daily price revisions of diesel prices was creating huge burden on the sector.
Corruption and harrasment had also compounded to the problems, he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%