BHOPAL: Commercial Taxes Minister Jayant Malaiya has said that Form-49 and other procedures of Commercial Taxes Department will be simplified as much as possible. It will be ensured that businesspersons face no problems.
Malaiya held pre-budget discussions with representatives of various trade associations, tax consultants and chartered accountants of the state here om Monday.
Principal Secretary Commercial Taxes AK Rai, Inspector General Registration Deepali Rastogi and Commissioner Commercial Taxes Amit Rathore were also present.Representatives of trade associations said that rules and procedures should be simplified as far as possible and taxation should be rationalised compared to other states. They urged to simplify Form-31 and review pendency of Form-4.
They said that ITR refund should be given cash within 2 years. Interest may also be given on it by way of relief. Representatives of wheat traders said that entry tax should be imposed on flour, suji and maida to help state’s flour mills. Mandi Tax should not be realised twice on import of wheat from Punjab, Haryana and UP. They urged that facility to file challans from all banks should be given. Tribunal should be set up at Jabalpur and tax exemption limit on turnover should be increased from Rs. 10 lakh to Rs. 20 lakh. They also urged to categorise Bhama Shah Awards Scheme and exempt marriage gardens from entertainment tax.
It was also suggested that single-point tax benefit should be given to readymade garment business. Businessmen of small places should be educated about Goods and Service Tax. Representatives of small industries urged that local manufacturers should be point tax benefit. Facilities offered in food parks should be given to food units also. It was also suggested that registration fee on affordable houses should be reduced and discrepancies in input tax returns removed. Either Service Tax or VAT should be realised from restaurants.
Vice-President of Madhya Pradesh Chamber of Commerce Govind Goyal also put forth a number of useful suggestions. He said that there should not be dual taxation on industries. Tax should be imposed either on purchase or sale. Taxes should be rational and it should be ensured that businessmen do not face difficulties.