Protest against Value Added Tax by cross LoC traders in J&K
May, 30th 2011
Cross Line-of-Control (LoC) traders today held a protest here demanding revocation of Value Added Tax (VAT) on trade between two parts of the divided Kashmir.
"As per the VAT Act, sellers and buyers should be in the state control, where as the sellers and buyers of Pakistan Occupied Kashmir (POK) are not in control of the J&K government. PoK dealers cannot register their firms under VAT," General Secretary of Salamabad-Chakoti Traders Unions Hilal Turki said
He said keeping in view the ground situation, VAT should not be imposed on the cross-LoC trade.
The traders had earlier suspended the trade for past eleven weeks in protest against government's decision.
The traders also put forth seven other demands including increase in the number of trading commodities from present 14 items by convening a meeting of traders from both sides of LoC.