Taxation - Value Added Tax (VAT)
Quotes & Unquotes for VAT in India
India, always a land of 'YES' and 'NO'. The
introduction of VAT in India also reciprocated with different views for
different people. Each and everyone carried their own say. Few quoted
VAT in India as something very wonderful and needful for the existing
tax system. Others quoted the opposite. Many were neutral and waited the
system to speak the truth. Let me bring for you few of the Indian VAT
quotations.
Chidambaram to state governments
"On behalf of the Centre, I promise to fully cooperate with you,
compensate you and help in building a computer network system and
resolve all problems."
Ramesh Chandra, secretary of the federal panel
"VAT will be launched tomorrow (April 1) and there is absolutely
no question of deferring it."
Praveen Khandelwal, secretary-general of the
Confederation of All India Traders.
"We will step up our protest come what may. It is a do or die
situation for us."
Former finance minister Yashwant Sinha
"The central government must also spell out a clear roadmap on how
and when it intends to phase out central excise."
Onkar S Kanwar, president, FICCI
"We urge the BJP to reconsider their decision and work with their
states governments on internal mechanisms aggressively while
coordinating with the Centre to iron out the genuine difficulties."
Bengal finance minister Asim Dasgupta, Kajaria
"The FM is sacrificing the interest of all sections for the gain
of none."
World Bank country director Michael Carter
"A comprehensive VAT widens tax net, as it makes tax evasion
difficult. Going by the experience of other countries, VAT has proved
beneficial and leads to revenue buoyancy."
Ramesh Chand, a protestor
"Traders want to give tax but they want it through a system which
makes it easier and fair for them and not VAT. All the traders are
protesting against it. We want the government to revoke VAT."
Raja Chelliah, the architect of the VAT system
"India can be globally competitive as a fully integrated market if
all states adopt the Value Added Tax regime."
Sushil Kumar Gupta, a shopkeeper in the upmarket Defence
Colony shopping complex in south Delhi
"We are totally against VAT."
Vijay Goel, president of the Confederation of All India
Traders and a member of the BJP
"We are from the very beginning against this tax which will
co-exist with central sales tax and several others. We demand that the
extra taxes be abolished before VAT is implemented."