Traders’ body seeks ‘no penalty’ period till March next for GST lapse

 As the stage is set for the crucial meeting of the GST Council on Sunday before the goods and services tax regime kicks off from July 1, the Confederation of All India Traders (CAIT) has pitched for an “interim period” of “no–penalty” till March 31, 2018. CAIT, which has submitted its representation to the Prime Minister and Finance Minister in this regard, wants that no penal action should…