Financial Daily from THE HINDU group of publications
Thursday, Mar 31, 2005

Port Info

Group Sites

Industry & Economy - Taxation

Mixed response to VAT bandh

Our Bureau

Hyderabad , March 30

THE State-wide bandh on Wednesday by traders against the `piecemeal' implementation of VAT (Value Added Tax) evoked mixed response.

However, AP Federation of Chambers of Commerce and Trade (APFCCT) claimed that the bandh was total throughout the State.

Addressing a press conference here on Wednesday, Mr Ammanabolu Vijay Kumar, President of APFCCT, said there was no point in implementing VAT, as many States were not joining the regime on April 1.

"There is no uniformity. There will be VAT States and non-VAT States. This will create problems for the trading community," he said.

Non-VAT States such as Uttar Pradesh, Madhya Pradesh and Tamil Nadu, would comprise 50 per cent of the population. It is not fair to impose the new regime on the remaining population, he said.

He also charged that there was no uniformity in VAT rates. "Different States have different rates. This too will pose problems," he added.

The Chambers had asked its 2,500 members to send protest letters and telegrams to the Empowered Committee on VAT, Union Finance Minister, Chief Minister, Minister for Commercial Taxes, and district level officials.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
US' offer may help India to renew talks with other nuclear powers

Vivek Oberoi returns `inappropriate' award
BPL ratio declines in AP
TIDCO invites EoIs for naphtha project
Record volume in MCX crude oil April contract
Coal India-NLC combine plans large thermal power projects
Steel prices to go up by 7-8 pc from tomorrow
Arcelor forges ahead on new steel capacity in India — Move follows output cut in Europe by 1 mt
Mixed response to VAT bandh
VAT uncertainty haunts consumer durables majors
Anti-VAT stir keeps most shutters down in Kerala
Protest against VAT
Service tax issue: KCCI decides to continue with non-compliance
FAPCCI clarifies on bandh
Uneasy calm
Trade, industry asked to register for service tax
Calcutta HC declines to grant stay on VAT implementation
Rubber market closed on VAT protest
China January textile, clothing exports to US up 65 pc in value
Govt to focus more on khadi sector
Canadian High Commission opens 9 visa application centres
AP: Cloud-seeding to be tendered
European B-School may open facility in India
AFL launches logistics solution for auto component sector
Refinery, mining projects to be revived
Dakshina Kannada credit plan outlay at Rs 1,451 cr
Meet on mechanical engg at Coimbatore
Lighting products expo in Sept
Orthopaedic surgeons' conference from April 1 in Mangalore
In Hyderabad today
Exporters plan dharna over DEPB issue
Singapore Tourism opens Delhi office

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line