Srinagar, Apr 29: The Chamber of Commerce and Industry Jammu— an amalgam of several traders’ bodies— today demanded withdrawal of new VAT return form by the Commercial Tax Department.
 A CCI delegation led by its president Y V Sharma met Commissioner, Commercial Tax Department, G A Peer, urging the latter to withdraw the form, citing “inconvenience and problems the new form could create for the traders.”
 The delegation that comprised office bearers and senior members of CCI apprised Peer about the “difficulties” and “hardships” the assessees would face in adhering to the requirements of the new format.
 Suggesting that there was no need to introduce new form, the delegation said the existing form had all the provisions for obtaining required information from the VAT assessees. “The new form will require huge accounting work by the traders leaving little time for them to see to their actual trade,” they said.  The delegation said while the common practice being pursued by the authorities was to make IT return form “Saral to Sahaj”, but in this case the form had been made ًcumbersome” and trader ًunfriendlyً.
 The Commissioner, Commercial Tax Department, according to the statement, assured to take up the issue with the higher authorities for amicable resolution.
 Among others the delegation comprised of T S Reen Chairman, Federation of Industries Jammu, Anil Suri, President Baribrahmana Industries Association, Varinder Jain General Secretary, Association of Small Scale Industries Gangyal, Lalit Mahajan, General Secretary Baribrahmana Industries Association, Tara Chand , Senior Vice President CCI, Ram Sarup Gupta, Junior Vice President CCI.

Lastupdate on : Fri, 29 Apr 2011 21:30:00 Makkah time
Lastupdate on : Fri, 29 Apr 2011 18:30:00 GMT
Lastupdate on : Sat, 30 Apr 2011 00:00:00 IST