- The Kohima Chamber of Commerce (KCC) is displeased with the lack of awareness on Value Added Tax (VAT) in Nagaland.
- The KCC believes that implementing VAT now would harm the economy and discourage young entrepreneurs.
- The KCC questions how transparency and business survival can be achieved when there is a nexus between the public, business community, and parallel governments.
- The KCC requests the government to review and relax VAT in Nagaland until they are fully prepared.
- The Nagaland Finance Commissioner assures that the department is concerned and has already discussed the issue with the KCC.
- The department has invited questionnaires from chambers of commerce and business dealers to clarify any doubts on VAT.
- Traders are concerned about the paperwork involved in processing VAT formalities.
- The department is working closely with all concerned parties on the issue.
Source: http:
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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