KTF reiterates opposition to new VAT return form

GK NEWS NETWORK

Srinagar, July 7: The Kashmir Traders’ Federation today reiterated its demand for withdrawal of new VAT return form.
 At a meeting here today which was attended by a large number of traders from across the Valley, the federation assured them that it would fight tooth and nail against the new form.
 The traders at the meeting expressed their deep concern with the new form saying it was “too complicated to be filled in by us.”
 The meeting criticized some Jammu-based traders’ leaders who had called for certain modifications in the form to make it acceptable to the traders.
 President KTF Jan Muhammad Koul said the new form would in no way be acceptable to the traders no matter any modifications are made in it.
 He said the Tax Department had itself “accepted” that the traders to fill this form would require the services of an experienced accountant, besides a computer. “How can average traders in the Valley afford these things,” he said. Koul said if the government did not withdraw the form, “60 per cent of the traders would surrender their TINs before the Tax Department.”

Lastupdate on : Thu, 7 Jul 2011 21:30:00 Makkah time
Lastupdate on : Thu, 7 Jul 2011 18:30:00 GMT
Lastupdate on : Fri, 8 Jul 2011 00:00:00 IST



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