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Mapusa goldsmiths uncomfortable

Goldsmiths appear to have been hit hard even as it was business as usual in Mapusa market on Saturday, as small traders and businessmen were trying to rnweigh in the impact of Goods and Services Tax (GST) on their business.

the goan I networkrMAPUSAr rWhile most small-time traders and hoteliers went about with their business in the market, popular hotel chain, Navtara began issuing bills to customers with CGST and SGST at the rate of 9 percent each. rGoldsmiths in Mapusa appeared to be a depressed lot as most failed to convince customers on payment of 3 percent GST. r“Most of the goldsmith shops have failed to make business today. When we explain to customers that they will have to pay 3 percent GST they move away,” said Mahendra Tar, a goldsmith in Mapusa market. rAccording to Tar, customers shy away paying the 3 percent tax imposed by the government and the new taxation regime may take time to sink in. r“It may take some time before people get accustomed to the new taxation policy, but till then our business will suffer,” he lamented. rIn the popular Mapusa market, it was business as usual with many yet to get new bill books as per new taxation policy. r“For the moment, I have started keeping record in writing of goods sold to customers which will be later assessed appropriately. Very soon, I will get a computer and install software that is GST compliant so that all goods sold could be appropriately slotted as per the GST slab,” said John D’Souza, proprietor of Vithal Stores, a popular food store in Mapusa market.
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GST confusion in Ponda, but traders say things will be okay

Right from small traders to large businesses, confusion prevailed in Ponda taluka over the implementation of GST on Saturday. rnAccording to them, the picture will be clear only when they buy new stock under the new billing system.

The Goan Network
Published Jul 2, 2017, 3:21 AM IST
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the goan I networkrPONDA rrIn a bid to avoid confusion, the prominent Goa Bagayatdar supermarket in Ponda remained shut on the first day of GST implementation, as it wanted to switch over to the new taxation policy. r“We are into a transition stage and hence we shut business for a day. We have to update all our goods with different taxation system. Trials in execution of bills will be carried out on Sunday and we will be able to resume business by Monday,” ran officer at Goa…

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