Jammu & Kashmir - KTMF for relaxing VAT norms

The Kashmir Traders & Manufacturers Federation (KTMF) has said that the government should look into the matter of relaxing the norms being set under the Value Added Tax (VAT) regime while presenting the budget for the next financial year. In a statement, a spokesman of KTMF has said that if the government takes some steps in this direction those would be highly welcome. He said that the issue has been raised many times by the traders and the time has come when some concrete measures are taken in this respect.

The spokesman said that the office bearers of various district Association’s should come out with their suggestions on any issue of business importance. He added that the same should reach by November 28 and after this they can be discussed in the working committee of the Federation

Source : Etalaat - Srinagar, Jammu and Kashmir, India, dated 18/11/2007