Excelsior Correspondent
JAMMU, Oct 21: Chairman, Federation of Industries Jammu, Lalit Mahajan has drawn the attention of Chief Minister Omar Abdullah towards the non- release of funds amounting to nearly Rs 50 crores by the Finance Department to clear the liability of sanctioned GST reimbursement claims of working industrial units of J&K pending with various Treasuries.
While highlighting the issue, Mahajan drew the attention of Chief Minister towards the reimbursement claims of CGST/SGST amounting to approximately Rs 50 crores (Rs 30 crores of Jammu and Rs 20 crores of Kashmir division) duly sanctioned and forwarded by State Tax Department to Additional Treasuries of J&K for the period ending 30-06-2024 as per the Budget allocated for the Financial year 2024-25 but due to least priority of Finance Department to clear the listed outstanding of Industrial units, resulting great resentment amongst the unit holders due to blockage of working capital funds.
FOIJ pointed out 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 30-06-2024 awaiting allotment of requisite funds to Additional Treasuries by Finance Department resulting the working units suffering very badly as the unit holders failed to pay the salary and other dues of Industrial workers.
It is worthwhile to mention here that the Industrial units of Jammu having the liability of Rs 30 crores awaiting the funds to clear the salaries and bonus of the staff and workers on the eve of Deepawali Festival and it is the need of the hour for immediate release of funds by the Finance Department to clear the liability on priority basis.
FOIJ requested Chief Minister Omar Abdullah, Dheeraj Gupta Additional Chief Secretary to Chief Minister and Santosh Dattatreya Vaidya, Principal Secretary Finance Department for their intervention for the release of requisite funds on priority basis to Additional Treasuries for the reimbursement of GST claims to Industrial units which will provide great relief to the unit holders.
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