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| FOIJ delegation calls on Advisors to Governor | | |
Early Times Report
Jammu, Apr 25: A delegation of Federation of Industries Jammu (FOIJ) today called on advisors to Governor and presented a memorandum of their demands.
Led by Lalit Mahajan, Co-Chairman FOIJ President, Bari Brahmana Industries Association presented a memorandum to the K. Skandan and K.K. Sharma, Advisors to Governor, in the presence of Navin Kumar Choudhary (IAS), Principal Secretary, Industries and Commerce beside others.
During the course of discussions, Lalit Mahajan highlighted the issues related to Industrial Sector which includes that the present state fiscal incentives are not adequate as compare to pre GST Regime for Micro and small scale sector of the state and demanded that more incentives are given to the Existing Micro & Small Scale Units of the State for their survival for Intra-State Sale. The request was made for the 100% of CGST Refund to Micro & Small units covered under SRO 63 at par with the same Incentive granted to Ind. Units Covered under Central Excise prior to GST, Taxable turnover upto Rs 1.5 Crores 5%, Taxable turnover upto Rs 3.00 Crores 3%, Taxable turnover upto Rs 5 Crores 2%, Reimbursement of Freight for the incoming of Raw Materials, Transport Subsidy for Interstate Sale by Road up to Destination instead of beyond 1000km which should be extended up to 2026 as per Industrial Policy 2016.
The other issues discussed during the meeting were extension of all the State fiscal incentives to new units and units under substantial expansion, request for the review of the Jammu & Kashmir Reimbursement of 2% in lieu of CST on Taxable turnover for Inter-State Sale to all the units without any rider of the sale of 2016-17 as per SRO No.431 dated 25-09-2018 to encourage the Inter-State Sale for promotion of Industries in the State of Jammu & Kashmir, Budgetary Support to Industrial Units engaged in the Roasting of Groundnuts/ Cashew & Decortications of walnut/Almond /Pistachio which is at present denied by State Tax Department Jammu, Removal of Toll Tax on Raw Materials of Exportable Items to outside the Country from J&K State, Ease of Doing Business Concept to be adopted by the Power Development Department for the sanction of Power Connections & Simplification of Procedure for the Surrender of Power Connections by Industrial Units with the grant of Powers to concerned Executive Engineers on Divisional level.
Advisors to Governor assured the delegation that the Govt. is very keen for the development of Industries in our State and will resolve the issues. |
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