Lucknow, Nov 1 (UNI) Flaying the implementation of Value Added Tax (VAT) in Uttar Pradesh, the Akhil Bharatiya Vaishya Parishad today claimed the tax would ''ruin'' the traders of the state.
''The forcefull implimentation of VAT in the state is against the welfare of the traders and no less than a 'capital punishment' for them,'' Akhil Bharatiya Vaishya Parishad national president Dr Sumant Gupta told a press meet on the inaugration function of its state office here.
The Parishad would soon stage a massive protest to decry the issue, he underlined.
Noting the upward trend of crime graph in UP, Mr Gupta observed ''heinous crimes like loot, murder and abduction are mushrooming at a fast rate...the Vaishya Vyapari Samaj is getting affected the most with it.'' Therefore, a 'vaishya security commission' should be set up for the security of the traders, he demanded.
Minister of Industries, Labour and Employment (Delhi govt) Mangat Ram Singhal was present as a chief guest in the inaugration ceremony.