The Confederation of All India Traders (CAIT) has termed the recent GST reforms and restructuring of tax rates as historic and revolutionary. It said that these reforms will not only benefit small traders, consumers, and India’s economy but will also simplify the tax structure and significantly boost consumption. 

 

 

Secretary General, CAIT Praveen Khandelwal, expressed gratitude to Prime Minister Narendra Modi on behalf of traders across the country. He said that the reforms reducing taxes on more than 400 items will bring major relief to common citizens in their daily expenses. He further said that by exempting insurance services from GST, the government has provided big relief to the middle class and senior citizens.