Mehta Anil B. & Associates

Chartered Accountants

Anil Mehta  B.Com, FCA
50, 1st Flr, South Patel Nagar Mkt,
Near Patel Nagar Metro Station,
Opp. Metro Pillar No. 190, New Delhi-8
Cell :  98111-32901
Telefax:  4987-8684       
 
     
   
 
 

Govt. Upsets Tax Lawyers

Tax advocates have criticised Delhi government’s order of reducing input tax credit for interstate sales under Delhi Value Added Tax (DVAT) Act.

All India Tax Advocates Forum president MK Gandhi said this notification will hurt the basic foundation of Delhi Trade. “It will disturb the distributive character of Delhi. The reversal of input tax credit will make goods costlier resulting in drop in trade,” Gandhi said.

Gandhi said the move will result in unemployment and reduction of GDP of Delhi as traders will shift to the city’s satellite towns.

 

Hindustan Times, New Delhi, 21-06-2012

 

 

 
     
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