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Commercial activity affected by bandh against Vat
New Delhi, Mar 31: The trading community associated with 5,000 associations downed shutters today as part of the two-day protest against the proposed implementation of the Value Added Tax (VAT) regime from tomorrow, adversely affecting the commercial activity throughout the country.
Trade establishments across the country took out protest rallies and staged demonstrations in major cities.
He said that traders of Delhi were particularly against the Vat
regime as it would change the distributive character of trade in the
state.
In Delhi more than 300 trade bodies from wholesale and retail
markets are participating in the bandh against the ''Draconian''Vat Law, '' which will encourage the Inspector Raj and corruption''.
Markets of Chandni Chowk, Khari Baoli, Naya Bazar, Naraina,
Kashmiri Gate, Sadar Bazar, Connaught Place, Lajpat Nagar, Chawri
Bazar, South Extension, Kamla Nagar, Karol Bagh, Jawahar Nagar and
markets of West Delhi and trans Yamuna observed the ''complete''
trade bandh.
Delhi finance M S Saathi had, earlier, stated that vat could be
imposed anytime in the middle of the year. ''but this will lead to
two different assessments, one for the sales tax and other for Vat.''
Bureau Report