New VAT re­fund pol­icy soon: Joshi

HT Ludhiana Live - - Front Page - HT Live Cor­re­spon­dent ludlivedesk@hin­dus­tan­times.com

The state gov­ern­ment is mulling a new pol­icy to solve the prob­lem of the de­lay in Value Added Tax (VAT) re­fund be­ing faced by in­dus­tri­al­ists. Stat­ing this on side­lines of an an­nual gen­eral body meet­ing of the United Cy­cle and Parts Man­u­fac­tur­ers As­so­ci­a­tion (UCPMA) here on Thurs­day, in­dus­try and com­merce min­is­ter Anil Joshi claimed that un­der the new pol­icy, which will be im­ple­mented soon, the VAT will be re­funded to in­dus­tri­al­ists within three months.

The in­dus­try in Lud­hi­ana, par­tic­u­larly cy­cle and parts man­u­fac­tures, has been com­plain­ing of in­or­di­nate de­lay in VAT re­fund on the goods man­u­fac­tured in Pun­jab sent to other states and coun­tries and have al­leged harass­ment at the hands of bu­reau­crats.

Talk­ing to me­di­a­per­sons, Joshi said the com­plaints about e-trip­ping sys­tem by the in­dus­try and traders were un­founded and said e-trip­ping was not a new tax im­posed by the state gov­ern­ment and was only a way to sim­plify the tax col­lec­tion process. “The gov­ern­ment was ready to ad­dress any is­sues aris­ing out of this sys­tem,” he said.

Re­ject­ing the con­cerns of cy­cle in­dus­try about the pro­posed hike in min­i­mum wages by gov­ern­ment, Joshi said at a time when there has been un­prece­dented rise in prices of es­sen­tial com­modi­ties, it was very much re­quired to raise min­i­mum wages of work­ers so that they could make both ends meet un­der these cir­cum­stanc- es. Ques­tion­ing the ob­jec­tions be­ing raised against the pro­posal, he said it was not a good sign that ef­flu­ent peo­ple were ob­ject­ing to such a move. On the ques­tion of fram­ing of new in­dus­trial pol­icy an­nounced by gov­ern­ment re­cently, Joshi said the process was at the fi­nal stage and it will be an­nounced soon.

“The gov­ern­ment has taken the views of rep­re­sen­ta­tives of in­dus­try and dif­fer­ent as­so­ci­a­tion while fram­ing this pol­icy and it will ben­e­fit the in­dus­try,” he said. Sid­ing by his party on the is­sue of FDI in multi-brand re­tail, Joshi said the de­ci­sion is not in favour of traders, farm­ers and in­dus­try and will ren­der sev­eral peo­ple job­less.

Ad­dress­ing the del­e­gates, the in­dus­try min­is­ter said the gov­ern­ment was com­mit­ted to pro­vide pos­i­tive at­mos­phere for in­dus­try and as­serted that it would not let the in­dus­try to mi­grate to other states such as Gu­jarat and Mad­hya Pradesh as was spec­u­lated. “The process of grant­ing sanc­tion to set up any new in­dus­try in the state will be com­pleted in 30 days, bar­ring the power con­nec­tion, which will be pro­vided af­ter the grant of sanc­tion,” he said.

Protest­ing against the antiem­ployee and anti-peo­ple poli­cies of the state is the right of peo­ple. Com­muters face in­con­ve­nience due to protests some­times but we must un­der­stand that no­body re­sorts to protests un­til it is the height of wrong poli­cies.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.