The decision on indefinite strike was taken at a meeting of traders called by FAM at Azad Maidan today.
Several BJP leaders like Jaywantiben Mehta, Raj Purohit, Atul Shah and Mangalprabhat Lodha were present at the meeting and supported the traders' cause.
Today was the 18th day of indefinite bandh by wholesalers and fifth day by retailers of Mumbai.
Gurnani announced that neither any traders would pay LBT, nor make fresh registration for LBT.
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Besides, he said traders should pay only 5 per cent portion of VAT and keep 95 per cent portion of VAT in abeyance till LBT is removed.
Gurnani advised traders to continue their protest peacefully and not to indulge in activities like rail roko, which could damage the image of traders even as he criticised coercive tactics of police and administration against peaceful protest by traders.