WHETHER UNION FINANCE MINISTER DOES WHAT HE SAYS ?

PRESS-RELEASE

RESPECTED SIR / MADAM ,

CST 2% YET WE ARE PAYING WHICH WAS TO BE ABOLISHED AS FROM 4% TO 3 THEN 2 AND 1 AND NIL BUT YET WE ARE PAYING IN THE GUISE OF GST GST SINCE 2 YEARS....YET NO GUIDE LINES OR ROAD MAP HENCE TAKE IT FROM ME THIS YEAR ALTHOUGH IT IS ANNOUNCED FROM AUGUST 1ST BUT IT WOULDN'T COME..WHY ? IN THE NAME OF GST NEITHER 2% CST IS ABOLISHED NOR WE HAVE GOT RID FROM EXCISE WHICH WAS IMPOSED ON US LAST YEAR..TAX INCIDENCE HAS INCREASED BUT ULTIMATELY CONSUMER IS THE WORST HIT..AS WE ARE ACCOUNTABLE, SHOULD NOT EACH INDIVIDUAL SHOULD BE..Trying to curb the inflation by reducing subsidies or raising the taxes is like giving a drunk another drink to sober him up.Increasing taxes to stop inflation makes about as much sense as fanning a fire to cool its heat.How much better off we all would be if quality or equality of living were inflated instead of prices.Thanks to the inflation or dearness we are suffering,it is costing more than ever to live beyond our means.With food,rent,petrol and gas prices so high,when you balance the budget,there is nothing left to budget the balance.



READYMADE & GARMENT INDUSTRY IS DISAPPOINTED AS THEIR EFFORTS TO GET EXCISE ON GARMENTS ABOLISHED IS NOT FRUITFUL AND ONLY 0-94% BENEFIT IS GIVEN..EARLIER EXCISE OF 10.3 % WAS ON 45% OF MRP AND NOW IT IS 12.3%
ON 30% OF MRP..CONSIDERING THE NATURE OF GARMENTS,WHICH IS A BASIC NECESSITY OF A HUMAN BEING ON PAR WITH BREAD AND HOUSE SHOULD HAVE BEEN EXEMPTED FROM THE EXCISE.

SERVICE TAX HAS BEEN IMPOSED ON ALMOST EVERY THING EXCEPT THE NEGATIVE LIST OF 17 ITEMS WHICH WILL DEFINITELY ADD TO THE INFLATION AND GARMENTS WILL BE COSTLY..UPA GOVERNMENT ON OUR SINCERE REQUEST ABOLISHED EXCISE IN 2004 AND SRIMATI SONIA GANDHI HERSELF TOOK THE LEAD BUT ONLY FOR THE REVENUE WE HAVE BEEN PENALISED....ALL LEADING TEXTILE,GARMENT AND TRADE ASSOCIATIONS WERE UNITED IN DEMANDING REMOVAL OF EXCISE ON GARMENTS..WE WELCOME THE MOVE OF ENHANCING THE AUDIT LIMIT UNDER INCOME TAX ACT TO 1 CRORE ,WHICH WAS LONG OVERDUE AND IT WAS ONLY ONLY THE DEMAND OF KHAGA IN NATION'S INTEREST..ON FDI RETAIL,GOVERNMENT MUST SIT TO-GETHER WITH THE TRADE AND INDUSTRY ASSOCIATIONS TO SORT IT OUT AMICABELLY..

Trying to curb the inflation by reducing subsidies or raising the taxes is like giving a drunk another drink to sober him up.Increasing taxes to stop inflation makes about as much sense as fanning a fire to cool its heat.How much better off we all would be if quality or equality of living were inflated instead of prices.Thanks to the inflation or dearness we are suffering,it is costing more than ever to live beyond our means.With food,rent,petrol and gas prices so high,when you balance the budget,there is nothing left to budget the balance.



"The concept of the welfare state implies a coalition of the Government of the people in such a way as to enable the two components to travel hand in hand each complimenting the other's efforts for the the promotion of the common objective."SHRI JAWAHAR LAL NEHRU..



WE ANTICIPATE YOUR KIND RESPONSE AND POSITIVE SUPPORT.PLEASE FEEL FREE TO CALL IF ANY FURTHER QUERY...

WITH KINDEST REGARDS..THANKS A LOT..