KCCI Hails SAC Decision On Tax

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Srinagar

The Kashmir Chamber of Commerce and Industry on Saturday appreciated the decision of State Administrative Council (SAC) regarding the extension of date of submission of a 2nd instalment under the Amnesty Scheme for settlement of Tax arrears.

The spokesman of KCC&I in a statement said  that  mention needs to be made of the personal  efforts put in by  K.K. Sharma, Advisor to Governor,  B.V. R. Subrahmanyam, IAS, Chief Secretary, Navin Kumar Choudhary, Principal Secretary to the government, Arun Kumar Mehta, IAS, Principal Secretary to government, Finance Department,  P. K. Bhat, commissioner commercial taxes, government and other officials of Finance Department, J&K.

Dr A.M. Mir, Jr Vice President, KCC&I said that while we appreciated the extension of time given but the present stressed condition of dealers needed to be assessed.

“The Ist instalment having being deposited in December 2018 by around two thousand dealers but not even half of them were in a position to deposit the 2nd instalment in January 2019. This clearly demonstrates the incapacity of dealers, even though willing, to settle their outstanding taxes,” Mir said.

Being aware of this situation the Kashmir Chamber of Commerce & Industry had requested that the date of submission of 2nd installment be extended up to July 31 2019.

The SAC has decided to extend it only up to March 31 2019. We still believe that this needs to be extended to  July 31, 2019, as the financial position of dealers is unlikely to improve in March, because of the lean winter season and the disturbed situation in the valley, said KCC&I spokesman in a statement.

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