Summary:
In its memorandum to the state government, Gujarat Chamber of Commerce and Industry (GCCI) suggested that Gujarat is among rare states who has persisted with professional tax, which adversely affects competitiveness of local players. SMALL SECTOR "Revenue collected as a part of professional tax is just Rs337 crore and it is estimated that 40 per of it or Rs135 crore is collected from traders. However, those who had applied in central government scheme are not being given subsidy by the state government. In such cases, the government should ensure that finance is provided to these entrepreneurs even if they have exhausted all their collateral..