Citizens' Issues
CAIT launches national campaign against proposed GST
It has been proposed that there will be two types of GST i.e. central GST and state GST and both CGST and SGST will have to be charged in each transaction and separate sales return needs to be filed with two separate departments by the traders
 
Praveen KhandelwalThe Confederation of All India Traders (CAIT) has strongly opposed the proposed Goods and Services Tax (GST) in India which has dual tax and three monitoring authorities. "The proposed GST runs counter to ease in doing business vision of Prime Minister and therefore, the CAIT has launched a nationwide campaign to oppose GST proposals. We demand single tax GST with single authority coupled with uniform Act and tax rates across the country and develop India on a concept of ‘one Mandi’. “The stakeholders cannot be taken as granted and proposed form of GST is not acceptable to us”-said Praveen Khandelwal, Secretary General of CAIT.
 
As a part of its national campaign, the CAIT held a Traders Conference at New Delhi, which was attended by representatives of trade, transporters, SMEs, consumers, hawkers and other segments of trade, which were chaired by CAIT National President BC Bhartia. The CAIT intends to hold such conferences in 40 cities of different states within next two months’ time. Already similar conferences have been held at Mumbai and Navi Mumbai in past week.
 
It has been proposed that there will be two types of GST i.e. central GST and state GST and both CGST and SGST will have to be charged in each transaction and separate sales return needs to be filed with two separate departments by the traders. The inter-state sales will be governed by IGST, a third authority to be constituted by GST council. In present, VAT taxation system, there is only one authority, which regulates the entire taxation structure.
 
Levy of 1% additional tax on inter-state sales for which no input credit will be allowed to traders is another problematic issue which runs counter to principle of full transfer of tax. "Though traders are expected to perform as revenue getters with utmost efficiency but so far government has not initiated any step to hold consultations with stakeholders"-said BC Bhartia, National President, CAIT.
 
Both Bhartia and Khandelwal called upon the government to begin talks with stakeholders and said that on the pattern of National Academy of Direct Taxes, a National Academy of Indirect Taxes should be formed where tax officials should be trained. A separate civil services cadre for taxation like Indian Taxation Service like IAS or IPS may be formed to monitor taxation structure in India.
 

User

COMMENTS

Hemen Parekh

1 year ago

If You cannot lick them ; Join them



CAIT stands for Confederation of All India Traders

It has over 4.5 million retailers as its members

Till a few weeks back , CAIT was opposed to e-commerce in retail trade

But when it realized that the e-Commerce tide was unstoppable , it decided to join it !

Recently , CAIT General Secretary , Khandelwal said :


" E-commerce is a reality. We cannot be blind to it. Through ‘e-Lala’, our aim is to retain consumers who were traditionally with brick-and-mortar outlets but are now shifting away to online stores

We are being forced by circumstances to get into this. We have to move with the times ”


By October 2015 , CAIT plans to launch its own e-Commerce portal " e-Lala" to take on the likes of Amazon / Flipkart / Snapdeal / Myntra etc

But unlike these existing e-Commerce portals , CAIT does not have a war-chest of billions of dollars , to

> Set up Fulfillment Centers ( Warehouses ) all over the country

> Advertise online / offline , in a big way


But when you have 4.5 million Fulfillment Centers ( of course small ) , spread all over the entire country , covering every street , then why do you need to build central warehouses ?

And when 10 million delivery boys / girls , deliver a billion packages every day to millions of households , with a plastic bag / card-box carton that reads " YOUR e-LALA DELIVERY " , then why do you need to waste money on advertising ?


Now the bad news :

> How will e-Lala control the quality of products being delivered by 4.5

million retailers ?

> How will it ensure timely delivery ?

> How will it ensure that Member-Retailers do not overcharge ?

> Existing e-Commerce portals buy in bulk , directly from the manufacturers ; then offer heavy discounts over the printed MRP . How will e-Lala counter this ?


> Today , barely 5 % of the retail buyers , pay thru Credit Cards . 95 % pay in cash

If e-Lala insists on advance payment using Credit Card thru a online Payment Gateway , will this put-off buyers from using e-Lala portal ?

Again , today , almost all buyers pay " Cash Against Delivery " to their neighborhood retailer.

They may not like to pay in advance of the delivery !

> To- day , buyers do refuse to accept deliveries for various reasons , such as :

# Wrong product or labeling or package size or brand

# Expiry date exceeded or about to expire

# Even , change of mind !


All because , there is no online advance payment , and nothing is lost by refusing !

> To-day , buyers are even able to return the purchased goods to their neighborhood retailer , a couple of days later.

And the retailer usually accepts the " Return " , in order to retain the

client on a long-term basis - client whom , he knows personally !

This will not be easy to duplicate in E-Lala ecosystem !


This is not to say that CAIT's e-Lala experiment is doomed !


If anything , e-Lala would do well to think through these issues , then provide answers thru a FAQ page on its e-com web site


To help crystallize this thinking , it may not be too late even now , for CAIT to host: TRUE / FALSE : YES/ NO : MULTIPLE CHOICE : online Questionnaires , on its existing web site


One questionnaire for the End-Consumers and another one for its 4.5 million member retailers


In today's " Dog it Dog " world of e-commerce , one can neither dictate nor predict , a competitor's actions


That kind of wishful thinking just does not work


To stay two steps ahead of the Competitors , you need to think and decide :


" What am I going to do this morning ? "


-------------------------------------------------------------------------------------

hemen parekh

25 July 2015

B2BmessageBlaster








Hemen Parekh

1 year ago

If You cannot lick them ; Join them



CAIT stands for Confederation of All India Traders

It has over 4.5 million retailers as its members

Till a few weeks back , CAIT was opposed to e-commerce in retail trade

But when it realized that the e-Commerce tide was unstoppable , it decided to join it !

Recently , CAIT General Secretary , Khandelwal said :


" E-commerce is a reality. We cannot be blind to it. Through ‘e-Lala’, our aim is to retain consumers who were traditionally with brick-and-mortar outlets but are now shifting away to online stores

We are being forced by circumstances to get into this. We have to move with the times ”


By October 2015 , CAIT plans to launch its own e-Commerce portal " e-Lala" to take on the likes of Amazon / Flipkart / Snapdeal / Myntra etc

But unlike these existing e-Commerce portals , CAIT does not have a war-chest of billions of dollars , to

> Set up Fulfillment Centers ( Warehouses ) all over the country

> Advertise online / offline , in a big way


But when you have 4.5 million Fulfillment Centers ( of course small ) , spread all over the entire country , covering every street , then why do you need to build central warehouses ?

And when 10 million delivery boys / girls , deliver a billion packages every day to millions of households , with a plastic bag / card-box carton that reads " YOUR e-LALA DELIVERY " , then why do you need to waste money on advertising ?


Now the bad news :

> How will e-Lala control the quality of products being delivered by 4.5

million retailers ?

> How will it ensure timely delivery ?

> How will it ensure that Member-Retailers do not overcharge ?

> Existing e-Commerce portals buy in bulk , directly from the manufacturers ; then offer heavy discounts over the printed MRP . How will e-Lala counter this ?


> Today , barely 5 % of the retail buyers , pay thru Credit Cards . 95 % pay in cash

If e-Lala insists on advance payment using Credit Card thru a online Payment Gateway , will this put-off buyers from using e-Lala portal ?

Again , today , almost all buyers pay " Cash Against Delivery " to their neighborhood retailer.

They may not like to pay in advance of the delivery !

> To- day , buyers do refuse to accept deliveries for various reasons , such as :

# Wrong product or labeling or package size or brand

# Expiry date exceeded or about to expire

# Even , change of mind !


All because , there is no online advance payment , and nothing is lost by refusing !

> To-day , buyers are even able to return the purchased goods to their neighborhood retailer , a couple of days later.

And the retailer usually accepts the " Return " , in order to retain the

client on a long-term basis - client whom , he knows personally !

This will not be easy to duplicate in E-Lala ecosystem !


This is not to say that CAIT's e-Lala experiment is doomed !


If anything , e-Lala would do well to think through these issues , then provide answers thru a FAQ page on its e-com web site


To help crystallize this thinking , it may not be too late even now , for CAIT to host: TRUE / FALSE : YES/ NO : MULTIPLE CHOICE : online Questionnaires , on its existing web site


One questionnaire for the End-Consumers and another one for its 4.5 million member retailers


In today's " Dog it Dog " world of e-commerce , one can neither dictate nor predict , a competitor's actions


That kind of wishful thinking just does not work


To stay two steps ahead of the Competitors , you need to think and decide :


" What am I going to do this morning ? "


-------------------------------------------------------------------------------------

hemen parekh

25 July 2015

B2BmessageBlaster








Maruti Suzuki's June sales up 2 percent
Automobile manufacturer Maruti Suzuki on Wednesday reported an increase of 1.8 percent in its total sales for June which stood at 114,756 units -- up from 112,773 units sold in the corresponding month of 2014.
 
According to the company, domestic sales during the month under review rose by 1.6 percent at 102,626 units from 100,964 units sold in June, 2014.
 
Exports during June grew by 2.7 percent at 12,130 units from 11,809 units shipped out during the corresponding month of 2014.
 
The sales of passenger cars segment, which comprises brands like Alto, WagonR, Swift, Ritz, Celerio, Dzire, Dzire Tour, SX4 and Ciaz, inched up by 0.5 percent at 86,630 units from an off-take of 86,223 units in the corresponding month of last year.
 
The off-take of utility vehicles comprising of brands like Gypsy, Grand Vitara and Ertiga rose by 10.6 percent at 5,531 units from sales of 5,003 units in June, 2014.
 
The sales of van segment, which includes Omni and Eeco, increased by 7.5 percent at 10,465 units from an off-take of 9,738 units in the corresponding month of previous year.
 
The company's scrip at the Bombay Stock Exchange (BSE) was trading up 0.64 percent or 25.55 points at Rs.4,048.25 per equity share around 2.00 p.m. from its previous close of Rs.4,022.70.

User

Lalit Modi now drags Varun into row
Former IPL chief Lalit Modi has said BJP MP Varun Gandhi met him in London "a few years ago" and offered to "settle everything" with Congress president Sonia Gandhi.
 
"@varungandhi80 came to see me at my house a few years ago and said he can settle everything in @INCIndia with his aunt," Modi tweeted late Tuesday.
 
"He wanted me to meet her sister from Italy. I heard him next I heard from our common friend who introduced us that auntie wants 60 million dollars. Told them whaaaat are u nuts go HKG a kite. Can he deny that. I hope he does," Modi posted on Twitter.
 
In another tweet, he clarified: "The auntie he refers to is #soniagandhi. The sister is #soniagandhi sister - just for clarity."
 
"Please clarify @varungandhi80 did u or did u not come to my house in London. Whilst staying at the Ritz hotel in London a few years ago," said another of his tweets.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)