Janta Nagar Small Scale Association criticize govt as hike in VAT on steel continues

  • HT Correspondent, Hindustan Times, Ludhiana
  • Updated: Jan 31, 2015 21:54 IST

While the Auto Parts Manufacturers Association has hailed the decision of the state government for abolition of E-Trip, the Janta Nagar Small Scale Association has launched an attack on Punjab government for the abolition and for hike of 1.10% in value added tax (VAT) on steel.

Auto Parts Manufacturers Association also praised the government for starting toll free helpline for traders to register their complaints.

Association president Gurpargat Singh Kahlon expressed that with the implementation of new tax slab for traders 'inspector raj' would be eliminated.

On the other hand, Janta Nagar Small Scale Manufacturers Association has claimed that hike in VAT on steel from 2.75% to 3.85% was not justified and it should be withdrawn immediately.

Janta Nagar Small Scale Manufacturers Association president Jaswinder Singh Thukral said, "Due to increase in tax on steel, capital of several traders will be blocked as lakhs of rupees of VAT have still not been refunded by the government. Small-scale industrialist will face problem in running their business, if lakhs of rupees would be blocked."

Thukral said market was stagnant for the past several months and government should provide alternative to this problem rather than increasing the VAT.

United Cycle and Parts Manufacturer Association president Charanjit Singh Vishivkarma said cycle industry would have to face losses due to increase in VAT on steel industry. "The government should have not increased the VAT on steel industry."

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