Chamber Boycott Pre-Budget Meeting warns statewide bandh
Chamber Boycott Pre-Budget Meeting warns statewide bandh
jkupdate.com | 07-Dec-2018 03:22 PM
JCCI President Rakesh Gupta during Press Conference.
JAMMU: An urgent Press Conference was convened today at Chamber House to protest and warn the local administration especially the Commercial Tax Department against harassing Traders, Industrialists and LOC Traders across the State.
On the occasion JCCI President Rakesh Gupta said that the slogan of Prime Minister of India Narinder Bhai Modi and the Finance Minister Arun Jaitely have proved false as far as terming GST as “GOOD AND SIMPLE TAX” AND “ONE TAX ONE NATIION”. He further said that hundreds of amendments done by the GST council speaks volumes about the act that was implemented in a hurry wherein billionaires and the common traders in far-flung areas especially considering the topography of J&K State were brought under the same act.
The JCCI President strongly protested that the promises and the assurances given by the State Government to both the Chambers of Jammu & Kashmir during Pre-Budget meeting last year and before implementation of GST that the special powers available to the State under the Constitution of India to make amendments to the Centrals Laws have been compromised.
He further said that the State Toll tax of hundreds of crores being collected at Lakhanpur defeats the slogan of “ONE NATION ONE TAX”. He further said that this illegal tax being charged in the name of saving the local industry is totally baseless and false as only two percent of the industry in the state was being incentivized to the tune of 95% of the incentives being disbursed and rest 98% of Micro Small and Medium Industries are on the verge of collapse.
JCCI President strongly protested and warned the Commercial Tax Department to desist from :
a)Assessing Goods as undervalued at Lakhanpur
b)Stopping the Goods of the Traders, Industrialists and LOC Traders at Nakas intra-state
c)So called raids in uniforms in the premises of business people and videography done
The JCCI President further warned the administration and appealed to the Governor J&K to immediately convene a meeting with both the Chambers of Jammu and Kashmir to simplify the GST Act as per powers available with the State under the special status of the state under the Constitution of India considering the topography and IT literacy level of the people in business.
The JCCI President announced that JCCI shall boycott the Pre-Budget meeting to be held on Saturday 8th December 2018 at 2.00 PM till our genuine demands are met with including the implementation of last year’s announcements of one time power amnesty and industrial power tariff for all the Hotel Industry. He also demanded immediate enhancement of E-way bills limit exemption from Rs. 50000 to Rs. 200000.
The Chamber President further warned the administration that if our genuine demands are not met with then JCCI shall be left with no other way but to call for a state wide bandh including stopping of LOC Trade.
The other Office bearers of JCCI present in the Press Conference include Rajeev Gupta, Jr. Vice President and Ashu Gupta, Treasurer. Surinder Mahajan President Raghunath Bazar Businessmen Association, Anoop MIttal, President Kanak Mandi Traders Association, Rajesh Dewan President Hari Market Traders Association, Dheeraj Gupta Sr. Vice President Traders Federation Warehouse and Nehru Market were also present in the Press Conference.
Tags: JKupdate J&K News JCCI JCCI President Rakesh Gupta GST Pre-Budget meeting simplify the GST Act boycott Chamber President Jkupdate Business News
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