1. Traders demand rollback of new tax form; to protest on May 31

Traders demand rollback of new tax form; to protest on May 31

Traders body CAIT has demanded rollback of a notification mandating online submission of details of goods being transfered to other states, while threatening to go on protest on May 31 against the Delhi government's decision.

By: | New Delhi | Published: May 25, 2016 11:07 PM
CAIT, Delhi Government, traders demand, VAT Traders body CAIT has demanded rollback of a notification mandating online submission of details of goods being transferred to other states, while threatening to go on protest on May 31 against the Delhi government’s decision. (Website)

Traders body CAIT has demanded rollback of a notification mandating online submission of details of goods being transferred to other states, while threatening to go on protest on May 31 against the Delhi government’s decision.

To check tax evasion by traders, the Delhi government recently issued a notification which mandates online submission of information about goods and stocks being transported to other states from the city limits.

Every trader is liable to give information under 17 heads in a prescribed format for each invoice which will increase manifold workload on the traders, CAIT said.

Traders in Delhi will protest against the Form DS-1, Mandatory item code in bills and VAT refund by VAT Department of Delhi Government on May 31,” the Confederation of All India Traders (CAIT) said.

Traders will also launch a massive citywide agitation against “autocratic attitude and working of VAT Department of Delhi,” CAIT said in a statement.

For this purpose, trade leaders have formed a Traders Action Committee.

The decision was taken at a meeting of Trade Leaders of Delhi today. Leaders from over 100 trade associations from different parts of Delhi participated in the meeting, it said.

“In a unanimous resolution adopted at the meeting, the traders have firmly said that they will not accept form DS-1 at any cost and has demanded Delhi Government to withdraw the form immediately.

“They regretted that the VAT Department is treating the traders as slaves and taking unilateral decisions which will damage the trade and commerce of Delhi to a great extent,” CAIT said.

“Traders are liable to provide G/R No, Vehicle number which is not possible at all since most of the loading of material by the Transporters are done in the night whereas the material is dispatched during working hours,” CAIT said.

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