Kat writes to PM on GST related issues, alleged violation of e-commerce rules

Kat writes to PM on GST related issues, alleged violation of e-commerce rules

New Delhi: Confederation of All India Traders (CAT), an association of retail traders, wrote a letter to Prime Minister Narendra Modi on Sunday, ahead of its call for 'Bharat Bandh' on 26 February. In this letter, the organization mentioned issues related to Goods and Services Tax (GST) system and alleged violations of e-commerce rules by major companies.

CAT also asked the Prime Minister to review the GST structure and set up a special working group at the central level to advise the government, which includes senior officials, CAT representatives and independent tax experts. CAT also suggested that a district GST working group could be formed in every district to facilitate smooth implementation of GST and increase the tax net and revenue. Kat said that some recent amendments to the GST have given 'arbitrary and immoral powers' to government officials. This is against the Prime Minister's mission of 'Minimum Government, Maximum Governance'. 


Today's Share Market: Sensex rises by 1148 points, Nifty also shows boom

Today's Share Market: Sensex rises by 1148 points, Nifty also shows boom

Mumbai: Continuation of boom in domestic stock markets. On Wednesday, the Sensex crossed the 51,000 mark with a jump of 1,148 points for the third consecutive trading session. At the same time, Nifty crossed the level of 15,200 points. The 30-share Sensex of the BSE closed with a gain of 1,147.76 points, or 2.28 per cent, at 51,444.65 points. This is the biggest single-day gain in the SENSEX since 2 February. During the day's trading, the Sensex had climbed to 1,243 points.

Nifty also recorded a sharp rise

The National Stock Exchange's Nifty gained 326.50 points, or 2.19 percent, to close at 15,245.60. Among the Sensex companies, Bajaj Finserv, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank (Bajaj Finserv, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC, Axis Bank) registered strong gains. Among the 30 Sensex stocks, 27 saw an increase.

Asian markets also appear to be trading strongly

According to provisional data from the stock markets, foreign institutional investors bought shares worth a net Rs 2,223.16 crore on Tuesday. Other Asian markets were also seen trading strongly. Meanwhile, Brent crude oil futures rose 1.84 percent to $ 63.77 per barrel. In the interbank foreign exchange market, the rupee closed at 72.72 per dollar, a gain of 65 per cent.


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