Ludhiana: During his first visit to Ludhiana after being the main minister, Chararjit Singh Channi did not leave the stone that was missed to seduce the industrialists at the Progressive Punjab Investors summit on Wednesday.
In addition to praising them in his speech, he made many announcements aimed at profitable Industrialists Ludhiana.
Decisions taken by CM Scrapping 40,000 Cases of VAT Assessment in the state, eliminating institutional taxes, reducing fixed costs on power connections by 50%, recording RS 150 Crore for focal points and introducing a one-time settlement scheme to benefit the city industry.
The most in Punjab.
One of the main announcements made by Channi is to improve the time period to complete the upcoming Halwara Airport.
He said he would put his foundation on November 15 and ensure his completion in eight months.
The decision to memo cases of VAT will benefit a large number of city entrepreneurs.
A senior state tax department officer said, “Of the 40,000 VAT cases covered by CM, around 25,000 came from Ludhiana.
Of the 8,000 cases that will be decided under OTS, 50% comes from Ludhiana, which will now be discarded by only paying 30% responsibility And it was also in two years.
The elimination of institutional taxes will benefit Ludhiana most as the highest number of assessors here.
The demand for eliminating this tax was recently given by several business associations with cm.
“Welcoming the decision taken by Channi, Upkar Singh Ahuja , President Bagana Industry and Commercial (CICU) which is one of the speakers at the event, said, “there was a terrible need to solve problems related to industry and cicu had chased them for a long time.
We thank CM to announce steps Industrial friendly and accepting our old demands that are delayed.
Eliminating the case of VAT Assessment DA n allows OTS schemes to settle down business disputes with different departments, such as taxation, small industrial punjab and export of Corporation, Punjab State Development Corporation (PSIDC) and Punjab Financial Corporation (PFC), will benefit the most Ludhiana industry, because the highest number of disputes originated from here.
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