New Delhi, Dec. 26 -- The Confederation of All India Traders (CAIT) has urged the Finance Minister Nirmala Sitharaman to defer implementation of Rule 86-B immediately which levies a mandatory payment of 1 per cent tax to be deposited where the monthly turnover is more than Rs 50 lakh.

The traders' body further termed it a counterproductive step which will load the traders further with burden of compliance and also much financial obligation.

''Traders across the country are deeply in resentment in certain GST issues which are being enforced without consultation with traders and without realising the on-ground implications,'' it said in a letter to the Finance Minister.

CAIT National President B C Bhartia & Secretary General Praveen Khan...