Karnataka industrialists oppose trade license system | Latest News India - Hindustan Times
close_game
close_game

Karnataka industrialists oppose trade license system

PTI | By, Thane
Oct 30, 2010 02:25 PM IST

Industrialists from Karnataka have opposed the trade license system by the state government there as it would sound a death knell for several small and medium scale industries, a top official said in Thane.

Industrialists from Karnataka have opposed the trade license system by the state government there as it would sound a death knell for several small and medium scale industries, a top official said in Thane.

HT Image
HT Image

S S Biradar, President of Karnataka Small Scale Industries Association (KASSIA), who was in Thane for a meet said, "we will oppose this move tooth and nail and fight till the last breath to see it out."

Hindustan Times - your fastest source for breaking news! Read now.

"As it is, we have several licenses, permits in the form of SSI registration, ESIS, PF, ST, Service Tax, Exise, Income Tax etc. The trade license system and powers vested with local bodies for issuing them will add to the existing woes of medium and small enterpreneurs."

Also, another requirement to renew the license every year will put us under the mercy of the officials, he said.

Biradar said another issue haunting the industries was property tax. "We are not not against payment of property tax, but one should realise that we should not not be taxed on the lines of the real estate and residential properties," he said.

Industries need much more space compared to residential (areas) and hence a consideration should be given to them while taxing, and the government should extend concessions to them, the KASSIA chief felt.

Vice President P N Raikar said various industries associations will form a group and meet officials at the Centre to get their grievances resolved soon.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Mukhtar Ansari Death News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On