Textile Traders In Hyderabad, India, Discuss Alternatives To VAT.

Textile traders in Hyderabad, India, oppose the existing VAT system. government Let's agree that a new fixed tax rate is a substitute for the existing tax system, and they are prepared to give in.

Textiles from Hyderabad Trader A meeting was convened. At this meeting, they decided to submit various alternatives for VAT to the government.

When explaining why they can not accept the current VAT scheme, textile traders say if VAT is in the state application They will suffer business losses, because this will increase the cost of textiles for Ande Labin compared with other parts of the country.

Textile traders say it is not easy for them to pay VAT, because 90% of the textile department of Ande Laban is unorganized, considering that small traders, mostly women, do not maintain their books.

Textile traders said they were prepared to accept a fixed tax rate instead of a tax system based on sales percentages, such as value-added tax. Based on this point of view, traders agree that the tax system is not higher than VAT.

Traders said that they should be taxed on a commercial basis, which would make it easy for small traders without books to pay the taxes they should pay.