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| BBIA flays State, Center for not releasing funds to industries | | |
Early Times Report
JAMMU, Oct 11; An urgent meeting of the Members of Bari Brahmana Industries Association was held today under the Chairmanship Lalit Mahajan President in the presence of Tarun Singla, Sr. Vice President, Ajay Langer Vice President, Viraaj Malhotra General Secretary, Rajesh Jain Secretary and Vivek Singhal Treasurer BBIA and other members to discuss the acute financial problem being faced by Industrial Units of J&K. During the course of discussions, Member present in the meeting raised the issue in respect of Hundred of Crores payment of Industrial Units pending with the Govt. in respect of non release of payment for the Reimbursement of IGST/CGST/SGST and 2% Refund Claims in lieu of CST to the Industrial Units as the claims of Hundred of Crores pending with the State Tax Department/ Central GST Department due to non release of payment by State Finance Department and DIPP (Govt. of India) to Govt. Treasuries/Central GST Department in spite of the facts that as per the Notification, the payment shall be released within 21 days from the date of submission of claims by the Industrial Units. |
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