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Rediff.com  » Business » VAT: Traders to appeal to President

VAT: Traders to appeal to President

Source: PTI
Last updated on: March 29, 2005 14:36 IST
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The trader's association, CAIT, which has called for a 3-day nationwide strike from Wednesday, has decided to present a petition to President APJ Abdul Kalam opposing the service tax levied on traders and the proposed value added tax from April 1, 2005.

The Confederation of All India Traders has sought an appointment with the President in this regard, its secretary general Praveen Khandelwal said on Tuesday.

During the three-day trade bandh, the traders body of each state would give representations to their respective finance ministers, sales tax commissioners on VAT and service tax commissioners on service tax, he said.

Another trade body Akhil Bharatiya Vyapar Pratinidhi Mandal had called for a nationwide strike from Tuesday, which did not evoke any response in New Delhi as all wholesale and retail shops were open.

The crisis over VAT: Complete coverage

However, CAIT claimed traders belonging to more than 5000 trade federations and chambers and their allied trade bodies across the country will observe the bandh to protest implementation of VAT from April 1, 2005 and levy of service tax on goods transport on trading community.

The 'trade bandh' has been called by jointly by CAIT and Bharat Udyog Vyapar Mandal and is effectively being supported by all leading trade chambers of the country.

However, the bandh is restricted only to closure of business establishments and all other activities will remain out of the purview of bandh.

Though the legislative preparations in various states are at variable stages, Khandelwal said the piecemeal introduction of VAT will be detrimental to trade and economy.

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