Withdrawal of industry registration on the rise in Palpa

Rampur (Palpa), Nov 25: Youth entrepreneurs in Palpa have voiced complaints about paying double taxation.

Businessman Ashok Shrestha has mentioned that they were facing problems with separately paying revenues at local-level units, cottages and small industry offices, and tax offices.

Speaking at a program organized on the occasion of the 10th National Industry Day in Rampur, the participants commented that they have to pay more than the registration fee when changing the name of their business entity.

They pressed to change the existing situation to facilitate business operations. On the occasion, the chairperson of Rampur Chamber of Commerce and Industry, Bhojendra Prakash Dhakal, said the tax policy and monitoring policy of the state should be changed.

He added the Chamber has been facilitating the industrialists and businessmen to resolve various problems. President of Lumbini Province Assembly’s Finance, Industry, and Tourism Committee Raju Prasad Shrestha shared that the province government has brought the Industrial Business Promotion Act to promote industry and business.

“The law is in the implementation stage, and initiatives will be taken to resolve the problems seen during the name change,” he said, adding they were working to benefit the entrepreneurs. Currently, 3,756 industries and 4,285 commercial firms are operating in Palpa, informed Industry Officer at the Cottage and Small Industry Office, Shyam Kumar Poudel.

He said that the number of entrepreneurs canceling the registration of industries in the district has increased lately. With the implementation of federalism, the number of entrepreneurs and industrialists registering new business entities in the office has decreased due to the transfer to the local level.

The number of industrialists and businessmen has increased in the district, whereas the number of registrations at the domestic and small industries office has decreased. —RSS