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Sunday, March 21, 2010

NWFP: CCI rejects VAT implementation

NWFP: CCI rejects VAT implementation PESHAWAR: Chamber of Commerce & Industries (CCI) NWFP has rejected the implementation of Value Added Tax (VAT) and urged that stakeholders in all big cities should be consulted in this connection.

President of CCI NWFP Riaz Arshad addressing a news conference here said business community is already passing through a critical phase and implementation of VAD will force closure of business activities. He said it is well-planned conspiracy to create clash like situation between the government and business community. Arshad also rejected the income tax survey and announced that it will be opposed.

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