All Delhi Computer Traders Association conducted a meeting with the VAT department to know the forged companies and defaulters plying the market. The association has requested the department to share the names of the defaulters so that they can caution other players in the market. Swarn Singh, Joint Secretary, ADCTA tells Bhawna Satsangi about the actions to be taken against the defaulters.
To curb tax theft and duping in the Nehru Place market, All Delhi Computer Traders Association (ADCTA) conducted a meeting with the VAT department to know the number of cases and companies undergoing VAT deflection.
The meeting was conducted at the VAT department where Shyam Modi, Chairman, ADCTA, Mahinder Aggarwal, President, ADCTA, Swarn Singh, Joint Secretary, K.S. Oswal, Director, RR Systems, J.K. Gupta, Director, Anand Net Sales, J.P. Aggarwal, Director, G.D. Electronics, Anil Taneja, Director, Computer World, and Sandeep Gupta, Director, SVB International among other VAT members were present at the meeting.
While discussing the issue if VAT deflection with the ADCTA members, the department informed them that they are fulfilling the target of VAT collection from the region yet there are some players in the market who are doing wrong things like saving the tax, issuing bogus bills, not giving the tax on time, and opening up forged companies to save their tax. The department is collecting the data of the defaulters and will taking the action against them soon informs the VAT department.
Mahinder Aggarwal appealed to the market to give the names of the defaulters who are doing the business without giving the bills, or without having the tin number, or if they are selling the default products to the customers. “I would like to request to the vendors to please inform us about the defaulters who are doing the business illegally. The association will hide the names of the informers and will take action against the defaulters,” says Mahinder Aggarwal.
Swarn Singh, Joint Secretary, ADCTA, informs, “We have asked the VAT department to share the names of the defaulters so that we can take action against them and inform other people in the market about the fraud cases doing rounds in the market.”