A delegation of Federation of Industrial and Commercial Organisation (FICO) under the chairmanship of its president Gurmeet Singh Kular and advocate Bobby Sharma met assistant excise and taxation commissioner, Ludhiana 1, Rajpal Singh Khaira to discuss the problems being faced by the industrialists, here on Saturday.
After thanking the department for quick release of VAT refunds of the bicycle industry, Gurmeet Singh Kular requested the department to stop the fourth stage verification for VAT refund. “This is totally unjustified as law does not permit to punish the person who has not done any crime. How can department penalise a person of the first stage for the fault of the third or the fourth stage,” questioned the delegation members.
It was also requested to streamline the verification of nickel dealers.
Kular said, “Punjab government is solving the problems of the industry regarding VAT refunds by crediting it online. The refund process should be given an impetus so that the capital of the industry can be utilised at the fast pace.”
Besides, the delegates sought the issuance of C-form online to reduce the rush at the department offices and to give the industry a hassle free service. According to the industrialists, C-forms and H-forms are issued only on Monday and Thursday but these should be made available on daily basis for the convenience of the public.
Assistant excise and taxation commissioner Rajpal Singh Khaira assured the delegation that he would discuss the issues with higher authorities and solve it at the earliest.
FICO secretary and United Cycle and Parts Manufacturers Association (UCPMA) general secretary Rajeev Jain, FICO joint secretary and UCPMA vice-president Jagatveer Singh, Ludhiana Plywood Manufacturers Association (LPMA) president Raghvir Singh Sohal and Dhandari Industrial Welfare Association (DIWA) president Satnam Singh Makkar were also present.