Trade Tax Relief For Up Exporters-www.8008205555

Business SME export-oriented industrial units across Uttar Pradesh (UP), which so far have been .plaining of heavy tax burden, can now heave a sigh of relief thanks to the tax incentive offered by the Mayawati government. A 100% exemption on trade tax will be extended to all the export units in UP with effect from April 1, 2010 with a view to boost exports from the state. Tax boost The UP governments measure to introduce a full waiver of trade tax to exporters on the turnover of direct sale or direct purchase by manufacturer/exporter of any raw material, fresh and consumable stores, spare parts accessories and .ponents is expected to give a fillip to the dwindling export volumes from the states MSME sector. The 100% trade tax exemption to exporters has certainly .e as a relief for small-scale export-oriented units in the state since this move will ease their tax burden and help them witness higher margins, said P Mitra, proprietor of Kumar Electronics, a small-sized electronic goods manufacturer in Varanasi. Besides, the UP government has also announced extension of trade tax relief on packaging materials as used by the manufacturing and exporting units. Notification pertaining to trade tax exemption was recently issued in order to provide respite to the regions export sector under the Uttar Pradesh Value Added Tax Act, 2008. So far, small-scale manufacturers and exporters had to spend a lot of time, money and resources to .ply with the trade tax norms. However, we hope that the change in policy will prove to be beneficial not only for the SME exporters, but also for boosting export volumes from the region, said S Bakht, proprietor of Cosmo Scientific Equipments, a small-sized scientific equipment manufacturer in Sultanpur, UP. With the waiver of trade tax, the UP government hopes to see a surge in its export growth figures in the .ing few days. About the Author: 相关的主题文章:

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