GST launched: Wholesale markets wear deserted look in Madhya Pradesh over confusion about new tax regime

Indore: Wholesale markets across Madhya Pradesh saw a thin footfall on Saturday following confusion over the duty structure under the goods and services tax (GST) regime.

Representational image. PTI

Representational image. PTI

"The wholesales traders and customers in Madhya Pradesh are confused over GST as they don't have any knowledge about how GST is levied on different goods," Ahilya Chamber of Commerce and Industry president Ramesh Khandelwal told PTI.

As a result, he said wholesale markets wore a deserted look on Saturday.

He anticipated the slump to continue for a week or so as wholesale businessmen are new to GST. Besides, Khandelwal added rural wholesale markets too are not abreast with the new taxing regime.

Madhya Pradesh Dal Udyog Mahasangh president Suresh Agrawal said pulses attract 5 percent levies under GST. This has hit the sale of branded pulses.

After Maharashtra, Madhya Pradesh is the biggest producer of pulses in the country.

However, Commercial Tax Department deputy commissioner D Sharma claimed that 2.72 lakh business establishments out of the 3.10 lakh registered units have already been linked to GST.

Published Date: Jul 01, 2017 18:35 PM | Updated Date: Jul 01, 2017 18:40 PM

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