One of the Budget proposal requires all small business traders to pay tax of Rs60,000 per year to register and carry out their business.Small Traders who struggle to make a profit of Rs60,000 per year commenced cancelling their registration and close their business establishments. After January 2016 even to cancel their registration they have to pay a tax of Rs250,000.Small traders as a protest against this tax continue to cancel their business registration. By cancelling Business Registration, Government will loose annual tax they collected earlier when they are in business.
