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Industrialists see red as VAT meeting postponed again
December, 21st 2015

The scheduled meeting of cabinet sub-committee on tax reforms has been postponed again leaving industrialists fuming. Now the new date for the same has been fixed for December 22, said sources in the government.

This is the second time in the month that the meeting has been postponed by the government. Earlier this meeting was scheduled to be held on December 8 which was postponed to December 17.

In the initial meeting held on the December 3, deputy chief minister Sukhbir Singh Badal had announced that his government will frame 'Make in Punjab' policy within a month's time and announce cuts in VAT rates on several items. But almost three weeks after these assurances, there hasn't been a second meeting of the cabinet sub-committee.

Dejected over the postponement of the meeting, city industrialists who were awaiting VAT cuts this month have accused the government of adopting different standards for existing and new industry coming into the state.

Coming out heavily against the government, Raj Kumar Singla, president, Fastners' Suppliers Association of India, said, "The postponement of meetings clearly shows that the government is least bothered about plight of the existing industry. We fail to understand why meetings have been postponed twice without any reason. Everyone was eagerly looking forward to the fulfillment of promises which were made earlier this month by deputy CM and the industry minister to help Punjab's industry." He went on to add, "Had it been a meeting for the new investors, we wouldn't have seen such an attitude of the government. It's only existing industrialists who are being taken for granted."

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