e-TRIP system a must to check tax evasion: Singla
Even as Punjab industry and traders are still opposing the implementation of e-TRIP system, chief parliamentary secretary (CPS), excise and taxation, Sarooop Chand Singla on Monday said the execution was important to put a check on tax evasion.punjab Updated: Aug 05, 2013 19:34 IST
Even as Punjab industry and traders are still opposing the implementation of e-TRIP system, chief parliamentary secretary (CPS), excise and taxation, Sarooop Chand Singla on Monday said the execution was important to put a check on tax evasion.
While addressing the industry people and traders here, Singla said some of the traders were not performing their duties honestly, and thus the e-TRIP was required to put a check on tax evasion by them.
However, he said any concern of the industry and traders concerning the new system could be addressed after talks, as implementation of the system was postponed for a month.
Meanwhile, still in quandary over the newer system, industry and trade people apprised the secretary of their concerns.
Speaking against the e-trip system, former minister and BJP leader Satpal Gosain, who led the delegation, said the Punjab government could not force the system on them.
Instead of imposing the new system, the government should concentrate on checking the evasion of Value Added Tax (VAT), said Gosain, adding that as many 23 traders in Punjab were evading tax to the tune of Rs 1,000 crore.
During the meeting, representatives of yarn dealers, plywood manufacturers and hosiery manufacturers submitted their memoranda to the secretary.
On the other hand, hotel and restaurant owners too raised their objections to the proposed VAT collection formula on the basis of seating and room capacity. General secretary of the Hotel and Restaurant Association of North India Amarveer Singh said the industry would oppose any such move of the government.
First Published: Aug 05, 2013 19:24 IST