RECONSIDER THE INCREASE IN THE STATE'S INTEREST

THE KARNATAKA GOVERNMENT HAS ANNOUNCED A 0.5% INCREASE IN VAT RATES ..WHEN THE COMPLINACE HAS BEEN TOO TOO GOOD , THE TRADE AND INDUSTRY IS PASSING THROUGH THE WORST INFLATION SCENARIO,RATES IN NEIGHBORING STATES ARE UNCHANGED,ON THE EVE OF VARMAHALAKSHI DAY THE GOVERNMENT HAS DELIVERED WORST GIFT TO EACH AND EVERY CITIZEN AS THE NET IMPACT OF VAT RATE CHANGES WILL BE AROUND 1%, AS IT GIVES CASCADING EFFECT..EARLIER VAT WAS INCREASED FOR A YEAR FOR THE PREVAILING DROUGHT SITUATION IN KARNATAKA BUT IT IS CONTINUOUS.. WE CONDEMN THIS UNJUSTICE AND HUMBLY REQUEST THE HONORABLE CHIEF MINISTER OF KARNATAKA TO RECONSIDER THE INCREASE IN THE STATE'S INTEREST FAILING WHICH THE GENUINE BUSINESS MAN WILL BE SEVERELY AFFECTED AND FORCED TO SHIFT THEIR BASE TO NEIGHBOR STATES... KINDLY HIGHLIGHT THIS ... Thanks a lot.. Regards.. Sajjan Raj Mehta.. EX. President.Karnataka Hosiery & Garment Assn. 09845501150