The Chennai Electronics and Infotech Traders Association (CEITA) has urged the Union Finance Ministry to reduce the Goods and Services Tax (GST) on all electronic goods from the current 18% to 5%, citing survival challenges for domestic manufacturers and traders.
Traders under CEITA have a massive presence inside Ritchie Street, the second largest electronics market in India after Nehru Place in New Delhi. This particular electronics market has over 2,000 retailers and wholesalers providing employment to over 4,000 people directly and another 1,000 indirectly (logistics, food and other services around this area).
