Excelsior Correspondent
JAMMU, Apr 11: Federation of Industries Jammu (FoIJ) led by its chairman, Lalit Mahajan, met the Minister for Industries and Commerce, Chander Parkash here today and demanded package of incentives for the J&K industry on the pattern of North-Eastern states.
During discussion, the delegation raised the issue in respect of uncertainty prevailing in the mind of Micro and Small Scale sector units having less than 1.50 crores turnover and not covered in the Central Excise prior to GST, as the Fiscal Incentives granted vide SRO No. 63 for the refund of SGST only, whereas, the units covered under the SRO No. 521 entitled for the refund of 58% CGST as per Central Govt package of incentives and 42% refund by the State Govt due to which un healthy competition foreseen in near future by the Micro and Small Scale sector of the State as these units not able to get any benefit for the CGST paid and we fear that in future majority of Micro & Small Scale units may be closed.
The matter, regarding the cumbersome procedure in respect of Inspection of Units and the Audit defined in the said SRO for claiming the Refund, also brought in to the notice of the Minister, resulting harassment being faced by the unit holders in future in contrary to the simplified procedure prior to GST under the VAT regime for the remission to the industrial units and we termed the cumbersome procedure as per SROs as hurdles in the refund mechanism, encouragement to `Inspector Raj’ and also against the concept of `Ease of Doing Business’ adopted by the Industries Department.
The major issues projected before the minister included, issuance of requisite notification for the refund of 5% amount on the sale value to those units not covered under the Central package of incentives, refund of 42% share of CGST under the State package of incentives to the MSME sector; simplification of procedure for the refund of CGST/SGST to MSME Sector of the State, issuance of notification for the reimbursement of 2% amount on sale value on the interstate sale in lieu of CST and transport subsidy up to destination for the dispatch of finished goods, take up the matter with the Central Govt for the extension of Central package of incentives at par with the North Eastern States to attract the new investment in the industrial sector of the State.
The minister gave a patient hearing to the issues of FoIJ and assured the delegation that the matter shall be taken on priority basis with the State/Central Govt.
Rattan Dogra, Deepak Dhawan, Jatinder Aul Co-Chairman, Pardeep Vaid secretary general, Ajay Langer convener, Bansi Lal Gupta, Gagan Jain- Executive Committee members of the Federation of Industries, Jammu also accompanied.
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