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VAT is a success, says FKCCI president

Special Correspondent

Department of Commercial Taxes praised for user-friendly approach


  • Traders asked to approach FKCCI if they face problems in implementation of VAT
  • South India consortium formed to sort out the issue of levy of service tax
  • Dialogue sought with representatives of traders in APMCs



    PROMOTING TRADE: President of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) S. Babu being felicitated by the members of the Shimoga District Chamber of Commerce and Industry in Shimoga on Saturday.

    SHIMOGA: President of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) S. Babu claimed here on Saturday that that the Value Added Tax (VAT) has been a success.

    Participating in an interaction programme with office-bearers and members of the Shimoga District Chamber of Commerce and Industry, he said: "We are happy that there has been a user-friendly approach by the Department of Commercial Taxes towards industry and trade."

    Mr. Babu asked the traders and industrialists to approach the FKCCI if they face any problems in the implementation of VAT in their respective districts. He also asked them to bring to the notice of the FKCCI, the drawbacks and disadvantages that they had been experiencing on account of implementation of VAT.

    Babu said that the FKCCI is opposing service tax on new services. He said that the FKCCI has formed a South India consortium to sort out the issue of levy of service tax and is in constant touch with the Government authorities. He hoped that an amicable solution to the problem will be found soon.

    Mr. Babu said the FKCCI has approached the Government seeking a dialogue with representatives of traders in the Agricultural Produce Market Committees (APMCs) before taking any step with regard to the Draft Amendment to the APMC Act.

    He said though Shimoga district offers an excellent potential for tourism, there have been no efforts to harness it.

    Mr. Babu said as the Government has decided to implement the industry development plan as suggested by the D.M. Nanjundappa Committee on regional imbalances in 13 districts covering 39 backward taluks, it should take special steps to improve human resources, training, skill upgradation and utilisation of the locally available resources in these districts. President of the Shimoga District Chamber of Commerce and Industry S. Rudre Gowda said that the problems affecting the industrial development of the district were discussed at the meeting with the members of the FKCCI team.

    He said that no focused attempts were being made to highlight the requirements of the Shimoga district.

    He said that no new industries are coming up in the district while many of the existing ones are struggling for existence.

    He said that industrial giants such as the VISL and MPM of Bhadravati in the public undertaking were of little consequence to the small industries and they could not be considered as the mother industries for them.

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