Report: MPs Promise Minimum Taxation To Industry
MPs have promised to remove red tapism and ensure faster taking-off of pending projects for MSMEs
Giving an optimistic view of Delhi’s industries, the government has promised to remove red tapism from Delhi’s Industries Department to facilitate and ensure faster taking-off of pending projects for Micro Small and Medium Enterprises (MSMEs) in the NCR region. A host of unpleasant taxes that have been in existence in the statute for decades will be eliminated and voices will be raised to empower industry in nation building along with the government of the day.
This was said in the felicitation function for newly elected Members of the Parliament (MPs) organised by the PHD Chamber of Commerce and Industry on June 8.
The MPs that took part in the felicitation ceremony were Dr. Udit Raj, Shri Mahesh Sharma, Shri Mahesh Giri, and Shri Bharatendra Singh. The function was presided over by President, PHD Chamber Shri Sharad Jaipuria and assisted by its Senior Vice President and Vice President Shri Alok B Shriram and Shri Mahesh Gupta respectively.
While Dr. Unit Raj committed to remove red tapism from Delhi’s Industries Department to facilitate and ensure faster taking-off of pending projects for MSMEs in the NCR region. Shri Mahesh Giri promised that uncalled taxes that have been in existence in the statute for decades would be removed.
Shri Mahesh Giri further said that Prime Minister has asked Shri Nitin Gadkari to examine the tax structure that cause hardship to industry so that it is not subjected to multiple taxation, both direct and indirect that currently number 34.The new government would ensure that a great deal of 34 taxes that apply to industry in general would be removed.
Shri Sharma was of the view that the commitment of the new government would be to catapult and transform the society in general and industry in particular with raising bars for governance in next five years.
Shri Singh, however, added that industry would find a new friend in Shri Modi whose regime would lay out a road map for industry to negotiate on it smoothly, profitably and with a sense of equity and fairness in which the evolving society would have no complaints.
The Chairman of Delhi & NCR Committee of the PHD Chamber Shri Rajnish Goenka and Executive Director of the Chamber Shri Saurabh Sanyal appreciated the move of the newly elected MPs who attended the felicitation cermony.