Bharat Bandh today against increasing fuel prices, GST

New Delhi, Bharat Bandh : The Indian traders’ body Confederation of All India Traders (CAIT) called Bharat Bandh against increasing fuel prices, GST and E-Way Bill.

The strike will go a day-long on Friday and all trade markets will be closed. The traders across the nation are demanding a review of the GST regime and gave a call for Bharat Bandh.

More than 40,000 trade associations extended their solidarity towards the strike against GST rules and increasing fuel prices.

As per reports over 8 crore traders will take part in the Bharat bandh.

Bharat bandh

“All state level-transport associations have confirmed their support to AITWA in this one-day non-operation of transport in protest of the fuel price hike and scrapping of new E-way bill laws introduced by Government of India. The nature of the movement is to reject booking and movement of all E-Way Bill oriented goods for one day. All transport companies are asked to park their vehicles between 6 am to 8 pm as a symbolic protest. All transport godowns will display the protest banners. All customers will be approached by transport companies not to book or load any goods on February 26, 2021,” said Mahendra Arya, National President AITWA.

Bharat Bandh today against increasing fuel prices, GST
Bharat Bandh today against increasing fuel prices, GST

Transporters across the country have been using the latest amendment in the GST laws, which has halved the validity of the E-way bill, a permit associated with the inter-state and intra-state movement of goods, from 100 km per day, to 200 km per day. Penalties for a truck carrying a consignment with an expired E-way bill, or with an erroneous E-way bill amount to 200 percent of the tax value, or 100 percent of the invoice value under Section 129 of CGST Act, 2017.

For small and medium transporters, especially those involved in part-load movement of goods or retail transportation, complying with the new rule has meant a higher and costly compliance burden, with penalties running into lakhs of rupees, for circumstantial delays. This may lead to completely shutting their shop.

E-way bills under GST:

AITWA has been writing letters to the Centre on various issues of transport industry mainly on issues of “impracticable” E-way bills under GST and unviable pricing policy of diesel.

“AITWA demands abolishing the E-way bill as the newly introduced E-invoice is good enough for preventing tax evasion. Vehicles may be tracked by the government using Fast Tag connectivity to E-invoice.

Transporters should not be subject to any penalty by the government for any time-based compliance target of transit.

Diesel prices should be reduced and mechanisms need to be discussed and created with the Transport Industry for future regulation. Diesel prices should be equalized across the length and breadth of the nation,” added Mahendra Arya, National President AITWA.

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