Punjab footwear industry seeks 4% VAT in budget
CHANDIGARH: Punjab's footwear industry has sought reduction of VAT from 12.5% to 4% with a view to spur its growth which is in doldrums. Describing the present high tax structure as ‘blockade’ in industry's growth, the industry representative in its pre-budget memorandum to Punjab government has sought to keep VAT rate at par with garment industry.