Business Daily from THE HINDU group of publications
Monday, Jun 16, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, Jun 16, 2008 ePaper | Mobile/PDA Version | Audio |
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Industry & Economy
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Textiles States - Andhra Pradesh Traders want withdrawal of VAT on ‘made-ups’
“If we insist on their identification numbers, they would go to a dealer who doesn’t ask for such details. In this process, we lose our business.” Our Bureau Hyderabad, June 15 The textile traders in Andhra Pradesh have asked the State Government to withdraw the order (No. 1564) that levies tax on ‘made-ups’ (such as sarees made up with embroidery work). “The GO calls for 4 per cent value-added tax on such items. The State does not get much revenue on this count. The commercial taxes officials and vigilance sleuths have raided textile shops in Eluru, Secunderabad and some other towns and seized records,” Mr Ammanabolu Vijay Kumar, President of Andhra Pradesh Federation of Chamber of Commerce and Trade, said. In a memorandum submitted to Dr Y.S. Rajasekhara Reddy, Chief Minister, on Friday, he (Mr Kumar) called for withdrawal of the order to save the traders from harassment and inconvenience. He also wanted the Government to rescind the GO No. 517 that required the traders to submit quarterly returns. “This involves a lot of paper work. Also, it is very difficult to keep track of the buyers. It a cumbersome process to ask for their identification (whether they VAT dealers or not),” he said. “If we insist on their identification numbers, they would go to a dealer who doesn’t ask for such details. In this process, we lose our business,” he said. Besides, the traders would be forced to recruit additional staff to take care of the paper work, resulting in the increase of cost of operations. Mr Vijay Kumar also pointed out that the Commercial Taxes Department was not supplying enough way bills. “As a result of this, traders are being forced to go from pillar to post to obtain the bills, leading to waste of time and effort,” he said. Citing the examples of Maharashtra, Karnataka and Tamil Nadu, he called for the abolition of the way-bill system. More Stories on : Textiles | Taxation | Andhra Pradesh
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