Distributors of consumer goods and telecom products have sought simplified norms for complying with Goods and Services Tax (GST).
CH. Krishna, president of Federation of All India Distributors Association, who was here on Sunday for the silver jubilee celebrations of The Coimbatore Consumer Products Distributors’ Association, said, “We do 100 % invoicing for goods we procure from the manufacturers and make 10 % payments online to them. But we sell to small traders and not all have proper accounting,” he said.
About 90 % of the members of the federation have registered with GST. The Government should simplify the norms so that more members start complying with the new norms.
Regarding FDI in single brand retail, he said the government is indirectly encouraging investments by Multi-National Companies in Indian trade.
The federation has opposed this move and has urged the Government to look at long-term development.
Many traders are unskilled and they will be affected. “We strongly oppose the FDI. But, we are also training our members and equipping them to face the challenges,” he said.
