NEW DELHI: Wholesale traders suffering from cash crunch expect the situation to ease in a week as more of new currency circulates but they are demanding tax breaks from the central and state governments in the run up to the implementation of the Goods and Services Tax.“For about four months now, until GST is introduced, the state government could bring down VAT rates for manufacturers and traders, and the central government should provide excise relief to small businesses ,” said Devraj Baweja, president of Delhi Vyapar Mahasangh, an all-Delhi trade body.With little currency available in the market as the demonetised notes are being deposited with banks, traders remain dejected as most unorganised businesses deal in cash. Until about last week, traders were still dealing in old currency.Large sums in current accounts of traders in Old Delhi have reportedly been deposited in the last few weeks. The availability of card swipe machines is a big problem.“If we want to go cashless, the environment must be conducive,” said Parveen Anand, president, Confederation of Sadarbazar Trade Association “The limitation on withdrawal of one’s own money is disappointing. How are we supposed to deal without cash in case of an emergency?”About 40 days after demonetisation was announced, only 15-20% sales are on, with some traders claiming the market has gone from bad to worse.“Going cashless is not our preference,” said Sanjay Bhargav, general secretary of Chandni Chowk Sarv Vyapar Mandal.“It is the buyers’ market now. Whether they want to pay in cash or digitally, we can’t refuse them,” he said.