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PUNJAB LOOKING IN IMPOSING lump sum tax for certain categories


Chandigarh April 22:
The Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal today said Punjab would be the first state in the country to introduce online via VAT refund system for fast automatic traders and manufacturers that comply with good track record.
Speaking to a delegation of businessmen from Ludhiana who called today to press for their demand for electricity duty to the industrial sector Vatable, Mr. Badal said that his single point agenda of Excise and Taxation Department was to make the system transparent and customer friendly, so the interaction between the operator and the Excise and Taxation Department could be eliminated.
He said that within six months, the entire department would be without paper and in June this year the department completed the categorization exercise VAT dealers in A, B and C category. He said that a category auto dealers would meet top class history and will be eligible for a refund of VAT automatic fast track. He said that for category B would be returned as quickly as possible and for category C certain VAT refund checks will be incorporated to make repayments.
Mr. Badal said its outlook was always friendly and industry that the industry wanted to become a partner in the progress of the country and the state guarantees full support to it. Mr. Badal said that it was considering favorably the suggestion of a section of the industry to tax at a flat rate of certain categories of Industry with industry that promises a fixed amount of taxes each year in the government kitty.
The Deputy Minister said that Punjab would be the first state to have more complete interactive portal that would eliminate jobs benefits all sectors of society. He said that if the industry and trade cooperation to voluntarily declare their income exemption you can see 80% of the books and records are maintained by them. With the promise of a re-expression of the demand of the industry for the manufacture of electricity duty Ludhiana Vatable, Mr. Badal said he has asked the department to consider all the pros and cons of demand.
Speaking about the future scenario to Mr. Badal said that later this year, state thermal power generation would begin and the state would get power on average Rs. 3-4 per unit against Rs. 7-8 is spent by the state for the purchase of energy during peak season. He said once the state becomes comfortable with the scenario of power, would be to transfer the benefits of cheaper energy to the final consumer, including industry.
Mr. Badal said that the new industrial policy would be more friendly investment policy that aims to eliminate the 'Inspector Raaj' state. He said he wants to Ludhiana most developed industrial center and Punjab has finalized the plan to spend Rs. 2,000 crore to improve the infrastructure of the city of Ludhiana alone.

COST POWER CHEAPER BY January: DEPUTY CM PUNJAB
Chandigarh: Punjab Deputy Prime Minister Sukhbir Singh Badal to discuss the future energy situation, said that later this year, begin state thermal power generation and the state would get power on average Rs. 3-4 per unit against Rs. 7-8 is spent by the state for the purchase of energy during peak season.
He said once the state becomes comfortable with the scenario of power, would be to transfer the benefits of cheaper energy to the final consumer, including industry. He was speaking to a delegation of businessmen from Ludhiana who called today to press for their demand for right to Vatable electricity industry.

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