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Industrialists to get VAT refund by Dec, says industry minister Arora

Long-pending demand: Rs 89-crore refund pending in Jalandhar district alone.

punjab Updated: Jun 08, 2018 13:47 IST
HT Correspondent
HT Correspondent
Hindustan Times, Jalandhar
Industrialists,VAT refund,Sundar Sham Arora
Industry and commerce minister Sunder Sham Arora launching ‘Business First’ portal in Jalandhar on Thursday. (HT Photo)

Industry and commerce minister Sundar Sham Arora assuring the agitating industrialists here on Thursday that the state government will meet theri long-pending demand of refunding the value-added tax (VAT) by December.

“The state government will release the fund in instalment of Rs 300 crore each every two months and by December 100% pendency will be cleared,” Arora said.

As per information, Rs 89-crore VAT refund is pending in Jalandhar district only.

Arora, accompanied by the member of Parliament (MP) Santokh Singh Chaudhary, was here to launch the second phase of “Business First’ portal, which will facilitate the industrialists in regulatory clearances and fiscal approvals, real-time tracking of applications at a common platform.

Arora, while addressing the gathering, said that the state government has taken path- breaking initiatives as the deputy commissioner (DC) concerned can approve micro industrial unit worth up to Rs 10 crore.

“It will held traders save their time as they will not have to travel to Chandigarh for minor approvals,” he said.

He said that self access facility for applicants has also been provided in the portal for the traders for the first time by which applicants will be able to examine their applications and enclosed documents.

Arora also sanctioned Rs 2.95 crore for the construction of road at Dhogri focal point area here.

Secretary, industry and director, Rakesh Verma, said that the state has identified 22 industrial clusters, including three in Jalandhar, for development of common facility centres in the state.

Industrialists raised several issues, including upgrading of the treatment plant, better roads and sewerage system at focal points and electricity at Rs 5 per unit without any taxes. Industrialists have also demanded an industrial park, and research and development centre for the district.

First Published: Jun 08, 2018 13:47 IST