Welcome

Sports goods traders welcome abolition of VAT

Sport goods manufacturers here have welcomed the Punjab government's announcement regarding abolition of Value Added Tax (VAT) on sports goods. "Announcement of abolition of Value Added Tax (VAT) on the sports goods is a welcome step and if it is implemented then at least ten thousand people will get employment and business will get a boost," Vijay Dheer of Khel Udyog Sangh said. "After imposition of VAT sports goods industry in Jalandhar was suffering and most business had shifted to Meerut in UP," he said.
 



 

Source: IBNLive.com, India,  dated 24/07/2011

 

Privacy Policy|Disclaimer|Advertise|Sponsor

Copyright © 2001 Sriviven Software

Site Optimized for view with IE5+ 800 * 600