New Delhi: Delhi government has kept in abeyance the implementation of T-2 Vat form in respect of registered dealers having a turnover of more than Rs ten crore. Delhi Chief Minister Sheila Dikshit who is also holding charge of the Finance Department has kept in abeyance the implementation of T-2 . The decision has been taken keeping in view the problems being faced by the various stakeholders including traders.
The Government has been receiving representation from dealers, trade associations, transport associations etc. requesting modification/improvement in form T-2. The Government while realizing the need of a more trader’s friendly tax administration and to ensure that no trader is put to any difficulty took the decision to keep form T-2 in abeyance till a more feasible, refined and trader friendly form T-2 along with its smooth administration is devised.
The Government has also invited suggestions from all stakeholders in this regard which will form the basis for developing a more practical and realistic mechanism.
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