Excelsior Correspondent
JAMMU, Jan 18: Bari Brahmana Industries Association (BBIA) has alleged that Finance Department of J&K UT Government has failed to release funds for the reimbursement of CGST/SGST claims of the Industrial units of the Jammu region.
A emergency meeting of the BBIA was held here today under the chairmanship of Lalit Mahajan (BBIA president) 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.
Members present in the meeting raised serious concern towards the pending payment of reimbursement claims of CGST/SGST duly sanctioned and forwarded by State Tax Department Jammu amounting to over Rs 25 crores of Jammu Division lying since long with the Additional Treasury Gandhi Nagar Jammu 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 Sept 30, 2023 awaiting allotment of requisite funds to Additional Treasury Gandhi Nagar Jammu by Finance Department which shows the casual attitude of the Finance Department. BBIA termed it as least priority of Govt towards the working Industrial units of J & K in spite of all odds and providing employment to lakhs of local people.
BBIA has requested the Chief Secretary of J&K UT, Atal Dulloo and Santosh Dattatreya Vaidya, Principal Secretary Finance Department for their intervention for the release of requisite funds to Additional Treasury Gandhi Nagar Jammu for the same purpose.
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