Will urge CM for rollback of advance tax: Joshi
Tuesday, 29/07/2014
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A delegation of more than 100 industrialists from across the state Punjab met Punjab minister Anil Joshi in Amritsar and urged him to rollback ‘advance tax on stock’
Chandigarh: Describing ‘advance tax on stock’ as ‘unjustified’, Punjab BJP MLA and Local Bodies Minister Anil Joshi on Monday said he has conveyed traders’ sentiments to Punjab BJP Chief Kamal Sharma, requesting him to seek time with Punjab Deputy Chief Minister Sukhbir Singh Badal to press for rollback of this taxation provision.
“I have talked to Punjab BJP president Kamal Sharma and urged him to hold a meeting with Punjab Deputy CM this week in order to get ‘advance tax on stock’ provision withdrawn so as to save traders and industrialists from harassment,” Joshi said.
Punjab Deputy CM Sukhbir Singh Badal holds Excise and Taxation portfolio. Joshi further said that he had also talked to senior BJP leader and Punjab BJP incharge Shanta Kumar in this regard.
A delegation of more than 100 industrialists from across Punjab, including Ludhiana, Jalandhar, Amritsar Batala, Malerkotla, Phagwara on Monday met Punjab minister Anil Joshi in Amritsar and urged him to rollback ‘advance tax on stock’.
“The tax on stock provision is not justified at all. It is harassment to trading community which has been filling state coffers by paying taxes,” said Joshi.
“How can one pay tax on goods which are still unsold and lying as stock with a trader,” said while questioning the rationale behind bringing taxation provision.
