Tuesday, December 5, 2023

Creating liberating content

5 essential travel tips...

India is a land of contrasts, with a...

5 lesser-known facts about...

The Notre-Dame cathedral is Europe's most-visited historic monument,...

Ready to set sail...

Next year is looking like a banner year...

Mount Rushmore, other USA...

Fewer planes and helicopters will be flying tourists...
HomeNewsUpdatesCenter to Start...

Center to Start Retail Policy & Insurance Scheme for GST-registered Businesses



Arpit Kulshrestha

National Retail Trade Policy & An Accident insurance scheme for GST-registered Businesses

In the forthcoming time, the government is planning to incorporate the national retail trade policy and an accident insurance scheme that shall have the purpose of furnishing assistance to the domestic traders who would have enrolled under the GST.

The official stated that the proposed policy shall support an effective infrastructure and more credit to the traders.

Read Also: Smart Guide of GST E-invoice & E-WayBill for Retail Traders

The proposed national retail trade policy in India may include initiatives like guaranteeing easy and quick access to affordable credit, encouraging the modernization and digitization of retail trade, supporting distribution chains with modern infrastructure, promoting skill development, and raising labour productivity.

The scheme can build a better procedure for consultation and grievance redressal.

For retail and commerce along with the Industry Ministry and the Department of financial services, India would rank as the 5th largest global destination which is collaborating for making the insurance policy for the retail trader enrolled under the GST regime.

Not exclusively in e-commerce but also the government is attempting to revise the policy by drawing the national retail trade policy for the physical traders that shall start facilitating the business, furnishing effective infrastructural utilities furnishing more credit, and all kinds of advantages to the traders.

A simplified one-window clearance system for traders might be implemented as part of the suggested national retail trade strategy, combined with the establishment of a centralized computerized inspection management system.

Confederation of All India Traders (CAIT), responding to the move, stated that the retail trade strategy will undoubtedly benefit the sector in expanding its operations as it will have clear guidelines and basics within which to operate.

According to CAIT Secretary General Praveen Khandelwal, the only sector of the economy that does not currently have a policy is the retail sector.

Similarly allowing the insurance scheme to the traders shall consider their effective contribution to the national exchequer.





Source link

Get notified whenever we post something new!

spot_img

Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

5 essential travel tips for first-time visitors to India

India is a land of contrasts, with a rich and diverse culture that is sure to amaze and captivate visitors from all over the world however, it can also be a challenging place to...

5 lesser-known facts about Notre-Dame cathedral

The Notre-Dame cathedral is Europe's most-visited historic monument, drawing some 12 to 14 million people each year. Here are some lesser-known facts about the Gothic cathedral that is being painstakingly rebuilt after being partly...

Ready to set sail on cruises in New Year 2024? Here’s what travellers across all income and budget levels need to know

Next year is looking like a banner year for cruise vacations, as travellers across all income and budget levels have been booking voyages at greater volumes than even before the Covid-19 pandemic, according to...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.