Tag Archive for CAIT

Indian Trade Body Asks For Separate Direct Selling Laws

 
Indian traders body CAIT has asked the government to formulate a separate law to regulate and monitor direct selling business in the country. 
The direct selling business in India is a source of self-employment and it should be regarded as a vertical of retail trade like e-commerce, Confederation of All India Traders (CAIT) said in a statement today. 

“In an inter-ministerial meeting convened by Ministry of Consumer Affairs recently, CAIT has sought specified legislation to regulate direct selling business in India,” it said. 

The direct sellers should be given facilitation to set up manufacturing plants, it said, adding the industry is growing at a phenomenal rate and has a huge growth potential. 

“More than 50 per cent distributors engaged in direct selling business are household women and in this way the business is promoting women empowerment,”

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Indian Traders’ Body Wants Direct Selling Legislation

 
The Confederation of All India Traders (CAIT) has sought a separate legislation to regulate and monitor direct selling business in the country.

“The Indian direct selling industry is growing at a phenomenal rate and has a huge growth potential. More than 50 per cent distributors engaged in direct selling business are household women and in this way, the direct selling business is promoting women empowerment in the country to a distinct level”, said CAIT national secretary general Praveen Khandelwal.

CAIT in a a letter to Union minister for consumer affairs, food and public distribution Ram Vilas Paswan said, “Since the direct selling industry is poised for growth, it is imperative to bring it under an appropriate legislation. The legislation should include safeguards to protect the interest of industry as well as consumers. Parameters like minimum capital/equity

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Indian Trade Body Asks Govt for Direct Selling Regulations

 
The Confederation of All India Traders (CAIT) has asked the Centre to make specific rules and regulations for the direct selling industry in the country.
In a communication sent to Union Finance Minister Arun Jaitley on Thursday, the traders body also said there is mass scale of tax avoidance in direct selling business. Therefore, a policy needs to be framed to bring direct sellers under the tax net.
CAIT National President B C Bhartia and Secretary General Praveen Khandelwal, in communication sent to Jaitley, said goods sold by such companies to its members or franchisees are taxed at origin stage only. After that the said goods travel through channels but neither the tax is charged nor any sale statement is filed with the tax authorities. The current value-added tax (VAT) system is a destination-based

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