Rules Change Far Too Late

The Economic Times - - The Edit Page -

The new govern­ment should en­sure that laws are no longer changed mid­way (‘The Task is Cut Out for FM Arun Jait­ley’, ET, May 29). For in­stance, in­dus­try set up man­u­fac­tur­ing units in se­lect un­der­de­vel­oped ar­eas un­der the sales tax ex­emp­tion scheme, then the govern­ment de­cided to re­strict the ex­emp­tion to only C form. Sim­i­larly, SEZ de­vel­op­ers and the units in­side were given in­come-tax ex­emp­tion. Later, the govern­ment de­cided to in­tro­duce min­i­mum al­ter­nate tax on all of them. It’s time this un­fair prac­tice is stopped.

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