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Retail trade loss during lockdown in 60 days

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Retail trade lost Rs. 9 lakh crore of business in 60 days: CAIT NEW DELHI  : India's retail trade lost business of around Rs.9 lakh crore during the past 60 days of the nationwide lockdown, the Confederation of All India Traders (CAIT) said.         In a statement, the traders' body also said that in the past week since the restrictions were eased on Monday, only about 5 per cent of the business could take place and 8 per cent of the workforces were able to resume.         It further said that the loss of business also resulted in a revenue loss of about Rs. 1.5 lakh crore to both Central and state governments on account of GST. "The traders across the country are facing acute financial crunch and in absence of any policy support. It further said that the loss of business also resulted in a revenue loss f about Rs.1.5 lakh cro