The Hindu Business Line : Industry flays Kochi tax on luxury items

The Kerala Chamber of Commerce and Industry demanded withdrawal of the move to impose city tax on refrigerator, gold and other items and on the goods imported through the Kochi Port. According to the Chamber, the imposition of a tax on these goods would force the exporters and importers to move out of the city.

The Chamber said that the move would not yield the expected results. With the traders moving beyond Corporation limits, the revenue from property tax, licensing fee and professional tax will take a nosedive. The Chamber also demanded the State Government to deny permission to the Corporation to collect such tax.

The Ernakulam Merchants Association also criticised the move of the civic authorities, saying the imposition of tax did not come within the purview of the Corporation. They said that there was no point in imposing a city tax in view of the proposed implementation of VAT in the State.

The Indian Chamber of Commerce and Industry said that instead of trying to impose such a novel levy, the Corporation had to lend maximum support to the promotion of business activities within its limits, which will in turn bring in more revenue.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Award for ISB team

Ensuring equity across generations

ASCI to report on environment

Duty-free access to Bangladesh on 39 tariff lines

GAIL plans to invest Rs 20,000 cr for grid

High import duty hurting plastics sector: CII study

Kerala puts off VAT

Industry flays Kochi tax on luxury items

With VAT ticking, fears lurk in deep recess

`Cut in CST only after Finance Bill passage'

Bengal trade body to support bandh against VAT regime