GST notice: CM resolves crisis; offers to forego tax arrears if merchants get GST registration

The stalemate arising out of the Goods and Services Tax (GST) demand notices to small merchants across Karnataka ended on Wednesday after chief minister Siddaramaiah promised not to pursue the tax arrears and offered to protect the tax-compliant businessmen.

Satisfied with the CM’s assurance and overall outcome of the meeting, various associations of small traders called off a state-wide bandh they had planned for July 25.

The commercial taxes department has issued notice only in cases where annual UPI transactions have exceeded the yearly turnover…