Trader community tries to negotiate pitfalls of GST

MUMBAI: One month after the introduction of GST, traders in Mumbai are still finding their way around computation of taxes for various items. Restaurant owners report a loss of business as diners are shocked to see levy of 18% on food and have started to avoid eating out.
Kishore Shah, the owner of Jyoti Steel in Girgaum, says it took days to procure a registration number, the chartered accountants were so busy. “I rang six or seven times and some of them were brusque in their replies because they were burdened beyond capacity. Once the computation was settled, and we understood how to undertake the billing procedure, the situation improved.”
Another trader in Kalbadevi said, “The tax rate on the steel industry has risen marginally from 17.5% to 18% so the load is not too heavy. In fact we are pleased that the excise component has been removed with the introduction of this new tax. We faced several problems dealing with excise officials.”

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