Assocham Secretary General D S Rawat said while long term solutions like privatisation of banks can be sought, the need of the hour is to rally around honest bank officers and honest business entities which have built trust on each other.
Also, if purchasing dealer is not engaged in inter-state supply of goods (as defined under the CST Act), then he will not be liable for registration and thus not eligible for issuance of Form-C which imposes an additional tax cost burden, CII said.
"We have emerged...into a new era of economic reform with the introduction of the game-changing GST. This will stand as an exemplar of collaborative reform for the world on an unprecedented scale," CII President Shobana Kamineni said
“Commercial services offered by the US Embassy include match-making services for US and Indian businessmen on the lines of increasing bilateral cooperation as well as working towards better trade relationships.”