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Cotton ginners in Punjab granted tax waiver of Rs250 mn
09 Sep '08
2 min read
Government of Punjab has decided to waive Rs250 million tax arrear on cotton ginning mills. The decision was taken after a delegation of the mills' association met Mr Prakash Singh Badal, Chief Minister of Punjab pleading for a revision of the tax structure.
The association brought to the notice of the Chief Minister that a one percent infrastructure tax was imposed on them and they weren't even unaware of it. They urged the Government to waive off the old tax and promised to make timely payments in future. There are some 100 of these mills in the state which explains why the amount overdue is of such a huge amount.
After attending the function in which Mr Narotam Dev Ratti and Madan Lal Bagga assumed the office of Chairman and Vice Chairman of Punjab State Traders' Board respectively, the CM stated, “These appointments were in keeping with the commitment made in the SAD-BJP's election manifesto to constitute State Traders' Board”.
The CM further noted that the two officials would be given the status of cabinet ministers and they would act as a bridge between the bureaucracy and the traders. He also assured the trading community that all their genuine demands would be looked into.
The association brought to the notice of the Chief Minister that a one percent infrastructure tax was imposed on them and they weren't even unaware of it. They urged the Government to waive off the old tax and promised to make timely payments in future. There are some 100 of these mills in the state which explains why the amount overdue is of such a huge amount.
After attending the function in which Mr Narotam Dev Ratti and Madan Lal Bagga assumed the office of Chairman and Vice Chairman of Punjab State Traders' Board respectively, the CM stated, “These appointments were in keeping with the commitment made in the SAD-BJP's election manifesto to constitute State Traders' Board”.
The CM further noted that the two officials would be given the status of cabinet ministers and they would act as a bridge between the bureaucracy and the traders. He also assured the trading community that all their genuine demands would be looked into.
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