Excelsior Correspondent
JAMMU, Sept 2: Bari Brahmana Industries Association (BBIA) has alleged that Finance Department of the J&K UT Government has failed to release funds for the reimbursement of CGST/GST claims of the Industrial units in the Jammu and Kashmir.
An emergency meeting of Bari Brahmana Industries Association (BBIA) was held today under the presidentship of Lalit Mahajan in presence of Tarun Singla senior vice president, Ajay Langer vice president, Viraaj Malhotra- general secretary, Rajesh Jain- secretary and Vivek Singhal- treasurer BBIA and other members to discuss the issue in respect of blockage of working capital of Industrial Units as the J&K Finance Department failed to release funds for reimbursement of CGST/SGST claims.
Members present in the meeting raised serious concern over the non-payment of reimbursement claims of CGST/SGST duly sanctioned and forwarded by State Tax Department Jammu amounting to Rs. 25 crores of Jammu Division pending with the Additional Treasury Gandhi Nagar Jammu since last one month resulting blockage of working capital funds of Industrial Units.
It is pertinent to mention here that as per the guidelines of SRO’s the payment of reimbursement claims of CGST/SGST should be released within 21 days from the date of submission of claims but the payments of sanctioned claims submitted for the period up to 31-03-2023 awaiting allotment of requisite funds to Additional Treasury Gandhi Nagar Jammu by Finance Department which shows the casual attitude of the Finance Department and we termed it as least priority of Govt towards the working Industrial Units of J&K in spite of all the odds and providing employment to lakhs of local people.
The BBIA requested the Lt Governor Manoj Sinha and Santosh Dattatreya Vaidya, Principal Secretary Finance Department to intervene into the matter and issue necessary directions for the release of requisite funds to Additional Treasury Gandhi Nagar Jammu for the release of pending payments to the Unit holders.
Follow our WhatsApp channel