Finance and Commercial Taxes Minister Jayant Malaiya held pre-budget discussions with businessmen’s delegations, tax bar associations and industrialists for budget year 2014-15 at Indore on Thursday. A number of important suggestions were put forth during the discussions. He said that these suggestions will be duly considered.
Malaiya said that the budget in the State will safeguard interests of every section of society. The tempo of rise in revenue receipts year by year will be maintained. Malaiya said that there are possibilities of implementation of GST. In view of it, State’s interests will be fully safeguarded.
On the occasion, organisations and associations expressed gratitude towards the Finance Minister for initiating pre-budget discussions. They hoped that their suggestions will be earnestly considered. Principal Secretary Commercial Taxes Ashwini Kumar Rai, Commissioner Commercial Taxes Amit Rathore, former MlA Gopikrishna Nema and representatives of various industrial and commercial organisations were present on the occasion.
Representatives of Malwa Chamber of Commerce and Industries, Ahiliya Chamber of Commerce and Industries, East Nimar Chamber of Commerce and Industry, Pithampur Industrial Association, Madhya Pradesh Agriculture Implements Manufacturers Association, Indore and Rolling Mills Association. Small Industries Association, Cable Network Association, CREDAI Association, Association of Industries, CII etc put forth their views regarding budget during discussions.
Most of associations stressed the need for improvement in barrier checking, arrangement of Form-49 etc. Some organisations demanded abolition of barrier checking system saying that no loss of revenue to state will be allowed due to its abolishment.
It was suggested during the meeting that VAT and other taxes should not be imposed on agriculture implements and they should be fully exempted from taxes. Suggestion was also given to reduce tax on drinking water pouches.