KCCI urges govt to roll back tax on semi-stitched garments

KL News Network

Srinagar

The Kashmir Chamber of Commerce & Industry (KCCI) Monday welcomed the decision of remission of 100 percent penalty and interest on the arrears of VAT tax.

In a statement issued to media, KCCI President Mushtaq Ahmad Wani hailed the decision of the government.

KCC&I president: Mushtaq Ahmad Wani

Raising another issue, Mushtaq said that the levy of tax on “semi-stitched garments is unwarranted as the same is not applicable anywhere in the Country.”

He added that such tax is intolerable and KCCI along with the Jammu Chamber of Commerce & Industry (Regd) would urge the finance minister, J&K to roll back the said tax on semi-stitched garments with immediate effect.

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