- FICCI concerned about VAT hike
- Increase in taxes may impact consumers and businesses
- Businesses face financial stability and operational capacity threats
- Concerns identified for businesses due to VAT rate increase
- General consumers may face potential price hikes
- Policies without stakeholder consultation can impact investor confidence
- Lack of engagement may deter future FDI inflows
- FICCI urges government to reconsider recent changes
- Government should promote strategies for industries to increase sales revenue
- Uphold fundamental principle of VAT law
- Simplify input credit mechanism for SMEs and retailers
- Focus on tracking monetary transactions through digitisation.
Source: newagebd.net
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.
