PTI CHANDIGARH: Despite stiff opposition from trade and industry, Punjab government is all set to implement anti-evasion measure 'e-Trip system' from September.
"The e-Trip system will be implemented from September 1 to check tax evasion as almost all the issues with trade are resolved now," Punjab Excise and Taxation Commissioner Anurag Verma told PTI here today.
After facing widespread resistance from industry, Punjab government had postponed the implementation of e-Trip till August 31, enabling the industry to upgrade their IT infrastructure to comply with the provisions of the law.
Penal action will be taken by the excise and taxation department if industry fails to follow the e-Transportation of Information within Punjab (Trip) system, a department official said.
Ever since Punjab Deputy Chief Minister Sukhbir Singh Badal held a meeting with industry to allay their fears over e-Trip system on July 30, Punjab Excise and Taxation department has been holding meetings with trade representatives to study their suggestions on the system for implementation.
"There is a widespread tax evasion especially in yarn, plywood segment and e-Trip is the only way which will keep a check on revenue leakage," a department official said.
The officials have said trade and industry has the option to allow transporters to provide information under e-Trip on their behalf.
Out of six trade verticals, Plywood makers and yarn dealers have been demanding that e-Trip system should not be made mandatory for them, saying it could "hurt" trade and industry.
"It is practically difficult for the trade to implement e-Trip system at this stage as industry is not equipped with proper infrastructure for its implementation.
The department should make e-Trip optional otherwise it can hit trade and industry," Punjab Plywood Manufacturers Association, Chairman, Ashok Juneja said.
"The e-Trip system will be implemented from September 1 to check tax evasion as almost all the issues with trade are resolved now," Punjab Excise and Taxation Commissioner Anurag Verma told PTI here today.
After facing widespread resistance from industry, Punjab government had postponed the implementation of e-Trip till August 31, enabling the industry to upgrade their IT infrastructure to comply with the provisions of the law.
Penal action will be taken by the excise and taxation department if industry fails to follow the e-Transportation of Information within Punjab (Trip) system, a department official said.
Ever since Punjab Deputy Chief Minister Sukhbir Singh Badal held a meeting with industry to allay their fears over e-Trip system on July 30, Punjab Excise and Taxation department has been holding meetings with trade representatives to study their suggestions on the system for implementation.
"There is a widespread tax evasion especially in yarn, plywood segment and e-Trip is the only way which will keep a check on revenue leakage," a department official said.
The officials have said trade and industry has the option to allow transporters to provide information under e-Trip on their behalf.
Out of six trade verticals, Plywood makers and yarn dealers have been demanding that e-Trip system should not be made mandatory for them, saying it could "hurt" trade and industry.
"It is practically difficult for the trade to implement e-Trip system at this stage as industry is not equipped with proper infrastructure for its implementation.
The department should make e-Trip optional otherwise it can hit trade and industry," Punjab Plywood Manufacturers Association, Chairman, Ashok Juneja said.
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