CAIT urges FM to defer rollout of Rule 86B in GST

Traders' body CAIT on Friday urged  Finance Minister Nirmala Sitharaman  to defer the implementation of Rule 86B in GST, whereby businesses with over Rs 50 lakh monthly turnover will have to pay at least 1 per cent of their  GST  liability in cash, terming it a "counter productive" measure that will increase the traders'  compliance burden .  The Central Board of Indi…