Punjab Govt. abolish Value Added Tax on sports goods
July, 25th 2011
Sport goods manufacturers here have welcomed the Punjab government's announcement regarding abolition of Value Added Tax (VAT) on sports goods.
"Announcement of abolition of Value Added Tax (VAT) on the sports goods is a welcome step and if it is implemented then at least ten thousand people will get employment and business will get a boost," Vijay Dheer of Khel Udyog Sangh said.
"After imposition of VAT sports goods industry in Jalandhar was suffering and most business had shifted to Meerut in UP," he said.