KL News Network
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.
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.