Srinagar, May 18: The Kashmir Chamber of Commerce and Industry today demanded that government should constitute a committee to look into the issue of introduction of new VAT return form.
 President KCCI Nazir Ahmad Dar speaking at a meeting with finance minister Abdul Rahim Rather said the government should constitute a committee comprising senior government officials and members of traders’ organisations to look into this issue.
 “The proposed Committee should take note of the problems of the traders and submit its report to the government suggesting necessary amendments in the new VAT return form so as to make it acceptable to the traders,” he said.
 The representatives of Kashmir Traders and Manufacturers’ Federation and Federation Chamber of Industries Kashmir, who participated in the meeting said filing of the new VAT return form was extremely difficult for them. “In order to file this form, the traders need to have the services of a trained accountant, a computer system, etc.” they said.
 The traders appealed the Finance Minister to appreciate their problems.
 Meanwhile, a statement issued by KCCI here today said the Finance Minister assured president of the chamber that a Committee will be framed to deliberate on this issue and an advisory committee will also be formed to discuss the issues from time to time. However, Greater Kashmir could not confirm it from independent sources.
 To mention, earlier at a meeting with Kashmir Traders Federation, chief minister Omar Abdullah put the new VAT return form in abeyance till further orders.

Lastupdate on : Wed, 18 May 2011 21:30:00 Makkah time
Lastupdate on : Wed, 18 May 2011 18:30:00 GMT
Lastupdate on : Thu, 19 May 2011 00:00:00 IST