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Amendments in the legislation to this effect would be introduced in the next session of the state legislature beginning January 1, Dhariwal told at a press conference here.
However, the traders would be permitted to file these returns every quarter if they so wanted, the Minister said.
He said that in the amended rules provision would be made that while previously VAT returns had to be duly certified by a Chartered Accountant from now onwards the audit report of a cost accountant, tax adviser, the chartered accountant would also be valid and acceptable.
Along with it the refund advise of VAT would also be simplified, he added.
Dhariwal said during the previous BJP government the industrial atmosphere of the state had got very polluted.
While in a year and half ago it was claimed that the MOUs between the state government and the industrialists had been signed to the tune of Rs one lakh sixty seven thousand crore till now the investment made had been barely of Rs. 5,000 crore
The minister said that the government would made a concerted effort to implement the single window scheme regarding industries in an effective manner.
He said that till now a person wanting to set up an industry had to take no objection certificate (NOC) from 27 offices, and this practice would be given up and rationalised.
Source
: Indopia - India, dated 29/12/2008
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