Why discussing VAT with Chambers & Business community is necessary?
Being representative bodies, Chambers and other business associations operate as bridge between the tax managers and the taxpayers. They motivate their members for tax compliance, Presence of trade and industrial associations is a good source to promote tax culture through representation. Hence, the confidence reposed in and shown by the trade bodies in the need to replace the existing distorted sales tax system is considered to be a prerequisite to ensure smooth public recognition of the VAT system. Besides, the suggestions and advices given by these trade bodies also help refine the system in the light of real-world business practices of the market.
