Related Keywords: demand level playing field, growing problem of influx of yarn, huge difference between VAT rates of Punjab and other states, increases cost of production, Ludhiana, reduce rates of VAT on yarn, selling price of outstation yarn less, Shiva Tex Fab, spindles closed down, Spinning mills of Punjab, Trident
Spinning mill owners of Ludhiana demand level playing field with their counterparts in other states as the spinning industry of Punjab is dying and already in huge debts, units are closing down owing to losses on account of lack of orders. Punjab government is held responsible for pushing them in a crisis by not reducing rates of value added tax (VAT) on yarn that they manufacture.
