Excelsior Correspondent
JAMMU, Aug 27: Bari Brahmana Industries Association has appealed Chief Minister Omar Abdullah to issue necessary orders for releasing money for refund of VAT, already deposited with the SICOP, and also give strict instructions to the concerned departments for introducing cash less system for VAT refund.
The appeal was made during an urgent meeting, held today at BBIA Bhawan, under the chairmanship of vice-president Rahul Bansal.
The meet discussed issues related to the non-implementation of Cash Less System of VAT for the purchase of raw material through SICOP.
“As per Government order number 124-Ind of 2014, dated 29-05-2014 and SRO number 151, dated 29-05-2014 by virtue of which the cashless system of VAT remission to Industrial sector was supposed to be introduced with effect from 1-06-2014 but till date the order has not been implement by SICOP due to which the Industrial units are suffering very badly,” the meet observed adding that the requisite funds as per SRO have not yet been allotted to the Commercial Tax Department by the Industries Department due to which the whole procedure has been stopped resulting blockage of crores of rupees of the Industrial sector with J&KSICOP.
The BBIA lamented that in spite of the orders issued by the Chief Minister for the implementation of Cash Less System of VAT in the 5th Industrial Advisory Committee meeting, held on 6-08, 2014, no action has been taken by the concerned department. It clearly shows the negative attitude of the Government towards the Industrial sector, where an atmosphere of uncertainty prevails due to the blockage of approximately Rs 80 crores, already paid as VAT to J&KSICOP till date, said the meet.
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