AP Traders Against Quarterly Sales Statements Under VAT

Hyderabad: Traders and businesses in Andhra Pradesh are up in arms against a recent Government Order that mandates filing of quarterly statements, comprising sales and purchases. The GO 517 is against the spirit of VAT Act that had promised simplification and hassle-free tax-paying mechanism for the traders. The Fapcci (Federation of AP Chambers of Commerce and Industry) and trade specific associations have asked the Government to do away with the rule. Traders are getting notices, Mr Rajender Prashad Agarwal, President of AP Millers'' Association, said. Some traders alleged that a section of officials have started linking issuance of way bills to submission of 517 statements.