Excelsior Correspondent
JAMMU, Oct 3: Association of Industries, Gangyal has sought personal intervention of the Governor for ensuring fiscal incentives to the industries that were available before the changeover from VAT to GST regime so that SSI sector can be saved from further suffering.
An emergency meeting of Advisory and Executive Committee of the Association was held today under the chairmanship of officiating president Bansi Lal Gupta to express resentment over the unwanted circular issued on September 27, 2018 by the Power Department, which has negated the budget announcements regarding amnesty to SSI sector. The members demanded that the circular should be withdrawn immediately.
The members also took serious view of notification orders No 431 and 411 of dated 25-September-2018 regarding 2 percent subsidy in lieu of CST exemption which was available to the SSI units under the VAT regime. While it was a welcome step but by putting riders like 1000 kilometres condition which make the incentive available to only such units which sell their material beyond this limit, the Government has created a class within a class by denying the incentives to those units which were selling in neighbouring States of Punjab, Haryana upto Delhi, the Association members said and urged the Government to immediately remove the illogical condition so that the benefit is available to the entire sector.
The members also rued that even after the passage of more than one year, the meager incentive regarding the SGST refund which was declared by the Government vide SRO No- 63,519 & 521 has still not being availed by the SSI sector.
The members condemned pick and choose policy adopted by the Commercial Tax Department due to which a lot of micro and tiny sector units have not even being inspected till now. “Even those units which have been inspected have not received the funds promptly. If this state of affairs continues, the SSI sector will see a huge mortality, for which the Government will be responsible,” the Association said.
The meeting was attended by Ashok Kumar Jain (vice president), Pardeep Vaid (general secretary), Sandeep Ohri (secretary), Lavinder Singh Puri (treasurer) and others.
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