Monday, 28 May 2012

TAX INCREASE IN DELHI – TRADERS FAILED TO GET PRIORITY IN DELHI BUDGET

Though there is an increase of 31% tax collection in Delhi but traders failed to get any priority from Delhi Chief Minister in her Budget 2012-13 – said the Confederation of All India Traders (CAIT) while commenting upon the budget. The Delhi budget is not economy driven and no steps have been taken to enhance the distributive character of Delhi trade.
CAIT Secretary General Mr. Praveen Khandelwal said that though the CM announced online availability of the VAT Department but no announcement has been made to upgrade and modernise the existing trade of Delhi. Despite yeomen contribution of the traders in enhancing the tax revenue, the CM has not announced any policy to provide necessary infrastructure in Delhi Markets.

Shri Khandelwal regretted that No announcement of any State Trade Policy for trade of Delhi has utterly dismayed the traders. Similarly in the wake of repeated incidents of loot and dacoity with traders the CM has not taken any initiative to form any Panel comprising of Police Officials, Delhi Govt Officials and traders. No steps have been announced to Remove anomalies and disparities in VAT taxation system

He further said that Walled city constitute a major area of Delhi trade and is known as the commercial hub of Delhi but the Chief Minister has not made any allocation of special fund to develop Shahjahanabad ( Old Delhi) into a modern marketing hub.

No announcement of a policy of rehabilitation and relocation of traders who have lost their business due to sealing, demolitions etc. in Delhi.

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