Juneja seeks completion of City Center Project
Author(s): City Air NewsAshok Kumar Juneja, Convenor Economic Cell (BJP) Punjab at the meeting concerned in Chandigarh. Ludhiana, October 27, 2015: An Industrial meet was held at Chandigarh with Sukhbir Singh Badal, Deputy Chief Minister,...
cityairnews
Oct 27, 2015 12:30
0
Ashok Kumar Juneja, Convenor Economic Cell (BJP) Punjab at the meeting concerned in Chandigarh.
Ludhiana, October 27, 2015: An Industrial meet was held at Chandigarh with Sukhbir Singh Badal, Deputy Chief Minister, Punjab & Madan Mohan Mittal, Industry Minister, Punjab in which top officials of all government concerned departments were present.
Ashok Kumar Juneja, Convenor Economic Cell (BJP) Punjab asked Deputy CM that since Ludhiana has been demarcated to be developed as smart city of India, therefore, an amicable solution should be found out to get built up city center project lying pending from a long time Juneja, former Chairman of Ludhiana Improvement Trust said that inspite of bearing heavy loss of interest to huge investments made therein as well as litigation expenses being borne, a mutual way, to proceed towards built it up will be beneficial for all the litigants who so ever may be. Juneja , who is also a tax expert alongwith other heads of various chambers and industrial associations pleaded before the Deputy CM & Anurag Verma (Excise & Taxation Commissioner Punjab) that VAT refunds alongwith interest be issued fastly since due to delay the capital of industry required for business is being stuck up with Excise & Taxation department. To increase the revenue inspite of making muchsurveys new dealers be registered who are having taxable turnover. At present there are about 2.75 Lacs VAT dealers which can be doubled by the smooth efforts of department. He said that VAT appeals be fixed in seriatum and not by pick & choose method.
For filing VAT appeal 25% of demand should not be liable to be deposited rather nominal fee ranging from 1000 to 10000 be got deposited on the pattern of Income Tax Act. There should be provision for filing revised return under VAT. He also represented that all the case files of information collection centre be forwarded to District Head quarter for final decisions. A separate Vat’s Tribunal must be constituted at Ludhiana since the city falls in the centre of Punjab and most of the appeals relate to this industrial town.
Mr. Inderjit Singh Sohal, President & Naresh Tiwari Secretary General of Punjab Plywood Manufacturing Association said that plywood is an AGRO based industry duly declared by govt.despite the said industry is bearing heavy taxes i.e VAT 14.30% , Excise duty 12% , CST 2% , Municipal & other taxes 3%, total 31.30%. It should be exempted from excise duty fully or it should be reduced in between 2% to 4% only on it . Mr. Sohal said that more poplar & safeda should be grown up by farmers at their land as well as by government at river belts, vacant & panchayati lands etc .Since it will encourage farmers & industry both.
Date:
Tuesday, October 27, 2015
