`Eliminate Central Sales Tax by next fiscal'
Hosur: Industrialists in Hosur have urged the State Government to implement Value Added Tax (VAT). With the BJP-ruled States deciding to opt for VAT with effect from this April 1, Tamil Nadu and Uttar Pradesh are the two States that still have not opted for VAT.
Losing on revenue
In a statement issued here on Sunday, the president of the Krishnagiri District Small and Tiny Industries Association, G.S. Ganesh, said that due to non-implementation of VAT, the State Government was losing on revenue. The Government should initiate steps to reduce the Central Sales Tax to two per cent by October, and eliminate it within the next financial year.
The establishment of a Special Economic Zone (SEZ) in Hosur remained only on paper, and no steps were initiated in this regard. As a result, land prices had skyrocketed in areas in and around Hosur. The new Government should initiate steps to bring major industries under the fold of the SEZ. The Government should improve infrastructure in the industrial estates in the State, especially Hosur.
The industrial estates should be maintained properly before new industrial estates were planned in the State. For that matter, each industrial estate should be made a profit centre, and industrialists involved in the maintenance of the estates. At present, maintenance charges were collected from each industry depending upon the area, but the amount was seldom spent upon maintenance.
The Government should offer various sops for the industrialists, especially the small-scale sector, to establish more industries and generate employment opportunities in the State, Mr. Ganesh said.