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Here is the wish list of organized sector which is enjoying
30-35% annual growth:
• The sector should be granted industry status.
• Uniform tax structure should be implemented.
Gradual shift from the various state taxes to uniform VAT would result
in ease in sourcing goods efficiently which will aid the growth of retail
sector.
• Allow retailers to adjust the service tax on
all inputs against the sales tax they collect from customers. The retailers
who pay the state VAT do not have any service tax against which they can
set off service tax paid by them.
• Eliminate multiple licenses and clearances. This
delays the opening of stores and increases cost.
• Liberalise the FDI limit further, ensuring development
of robust cold chain system, best retail practices and a wide range of
goods and services at competitive prices.
• 100% FDI in multi brand retailing must be allowed
in certain areas such as electronics, automobiles, sports goods etc.
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