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MSMEs in Jammu-Kashmir appeals for AMNESTY scheme to clear pending commercial tax, writes to CM Mufti

Updated: Nov 24, 2017 05:34:26am
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MSMEs in Jammu-Kashmir appeals for AMNESTY scheme to clear pending commercial tax, writes to CM Mufti

New Delhi, Nov 24 (KNN) The industrial sector comprising of a fair share of Micro, Small and Medium Enterprises (MSMEs) in the region of Jammu and Kashmir have sought Amnesty period to clear the pending commercial tax to the government.

Industry body Bari Brahmana Industries Association (BBIA) in a press release informed that a meeting comprising of representatives from different industries of the state was held and it came in light that in many cases the recovery notices issued  to the industrial units by the commercial tax department.

These notices are for the recovery of tax along with interest due to non submission of “C- Forms” for the interstate sale under VAT Act and other VAT related arrears.

Discussing the problem further, BBIA informed that the MSMEs of the state are already suffering very badly due to cumbersome procedure of GST resulting drastic reduction in the Sale and extra burden of amount to be deposited under GST Act every month.

In such a scenario, it becomes very difficult for the Unit Holders to pay the amount of recovery notices due to non submission of “C Forms” and other Arrears.

BBIA in a letter to the Chief Minister, Mehbooba Mufti, Finance Minister of the state  Dr. Haseeb A. Drabu and Industries Minister Chander Parkash  have appealed to intervene in to the matter with the extension of Amnesty Scheme 2017.

The industry have demanded an Installment provision and waiving of Interest with one time waiving off the recovery of amount in lieu of deposit of C Forms as the unit holders are facing problem to collect the C Forms from due to repealing of VAT Act  across the country  with the implementation of GST. (KNN/DA)

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