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Siddaramaiah Holds Pre-budget Meet With Trade Bodies

Chief Minister Siddaramaiah on Monday met trade bodies at a pre-budget meeting to discuss their various demands.

Published: 04th February 2014 08:52 AM  |   Last Updated: 04th February 2014 08:52 AM   |  A+A-

Chief Minister Siddaramaiah on Monday met trade bodies at a pre-budget meeting to discuss their various demands.

"The software sector is faced with multiple litigations under the Karnataka VAT laws. The government must establish a forum to enable dealers to present concerns and arrive at a consensus," Indirect and State Taxes Expert Committee chairman P V Srinivasan said. He also requested the government to change the timelines for revision of monthly or quarterly returns under the act to align with filing of audit reports.

The State Taxes Committee of Federation of Karnataka Chambers of Commerce and Industry asked for a reversal of the recent increase in VAT rates.

Other demands were setting up of a single window clearance for land conversion process in renewable energy projects, setting up of industrial corridors between Dodballapur and Chikballapur-Devanahalli, Hubli-Dharwad, Mysore-Hassan, Mysore-Bangalore and Hoskote-Kolar.

Siddaramaiah also met senior officials and ministers of various departments, including Transport, Housing, Urban Development, PWD, Labour, Higher Education and Primary and Secondary Education and is likely to hold more interactions over the next two days.

The CM has cancelled his official engagements, except for pre-budget meetings, scheduled for Tuesday, including the Janata Darshan.

Reduce VAT to 13 pc: Forum

Bangalore: Representatives of the Karnataka Hosiery and Garments Association (KHAGA) have urged Chief Minister Siddaramaiah to reduce VAT rate to 13 per cent from the current 14.5 per cent.

The representatives said while the previous BJP government had enforced an additional 1 per cent VAT following flood in North Karnataka, another 0.5 per cent was imposed to facilitate waiver of co-operative farm loans.

More from Karnataka.

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