"Small and medium-sized traders in the country are not prepared for the GST. And we can foresee that we are heading towards a disastrous situation. We are again writing to the Centre to reconsider the roll-out from July 1 and postpone it until the nation is ready for it," finance minister Amit Mitra told reporters today.
"Not only in West Bengal but we have been getting reports from around 5,000 small and medium traders in Surat are eyeing closure of their businesses because of the GST," he said.
"We have repeatedly said in the GST council that the roll-out must be done systematically. In other countries like Germany and Japan, they had given 12 to 18 months before the introduction of such tax system," he said.