Punjab - Association urges abolishment of multi-tax
system
In the meeting of Punjab Tax Bar Association (PTBA), the
members urged the Centre and state government to abolish
the multi-taxing system. President of the body, Ashok
Juneja, and B R Kaushal, General Secretary of the
association said that when VAT was incorporated in 2005,
the promise was to streamline multi-taxing system, but
it is yet to happen.
The members said that before finalising goods and services and
direct tax code the leaders of bar associations, trade and industrial
associations should be taken into confidence.
Rajpaul Gupta, Vice-President and Lalti Takyar, secretary general PTBA said that
income tax rates in India should be brought down to 20 per cent and indirect
taxes should also be reduced.
