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CAIT urges Centre to rationalise BIS standards, GS
TIWN
CAIT urges Centre to rationalise BIS standards, GS
PHOTO : TIWN

New Delhi, March 20 (TIWN): Citing the concerns raised by the footwear industry as genuine, the Confederation of All India Traders has urged the Centre to rationalise the BIS standards and Goods and Services Tax on the footwear items.

Till December 31, 2021, footwears below Rs 1,000 used to attract 5 per cent GST. Starting 2022, the tax slab has been raised to 12 per cent for footwears falling in the Rs 1,000 range.

“India is a land of diversity where consumers range from an ordinary person to most affluent class and their purchase behaviour is more as per their economic strata and therefore they can’t be governed by a single yardstick, and therefore any policy or tax imposition should be levied accordingly in order to provide equitable strength to everyone and minimising the chances of any tax evasion or not complying the rules and policies,” said Secretary General of the traders’ body Praveen Khandelwal.

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