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CII
Rajasthan chairman R.K. Poddar said here on Tuesday that
the State Government had agreed to some of the
recommendations made by CII in its pre-Budget memorandum
and taken steps to reduce the time involved in the value
added tax (VAT) refunds and provided for annual
self-assessment and exemption to employers using e-filing
from submitting audit reports.
Mr.
Poddar said the Budget had taken care of social sectors
such as health, nutrition, drinking water and education
and would speed up economic growth of the State.
Other
important announcements included those on skill
development projects, electrification of all villages by
the year 2009 and reduction of VAT on marble and finished
Kota stone from 12.5 per cent to four per cent.
CII
Panel on Economic Affairs convenor Kishore Khaitan pointed
out that the reduction in tax on aviation spirit from 28
per cent to 4 per cent and entertainment tax from 35 per
cent to 30 per cent would lead to high revenue earnings
for the State Exchequer.
Source
: The Hindu, India, dated 27/02/2008
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