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| Tax Bar Association calls on FM, LG; presents memorandum of demands | | |  Early Times Report
JAMMU, Nov 23: A delegation of newly elected office bearers of Tax Bar Association Jammu today called on Finance Minister, Nirmala Sitharaman and Lieutenant Governor, Manoj Sinha at Raj Bhawan, Jammu.
The delegation consisted of Advocate Rakesh Kapahi President, Advocate Vikram Dubey Senior Vice President, Advocate Renu Verma Vice President, Advocate Dheeraj Bhasin General Secretary and Advocate Ishant Gupta Joint Secretary-cum-Treasurer.
The delegation handed over a memorandum to FM stating the issues being faced by the professionals as well as stakeholders under Goods and Services Act (GST) & Income Tax Act along with a charter of demands in the better interest of the tax professionals.
The delegation told the FM and LG that they are grateful to them for taking time out of their busy schedule and grant appointment to the newly elected office bearers in a very short notice, requested by them.
Advocate Kapahi said that under the GST Act the major issues to be considered on merits by the government is the launching of mechanism for the revision of returns, simplification of GSTR 4 annual filing related to composition dealer, matching of ITC shall be done on half yearly or yearly basis and the time limit for availing of ITC should be taken as due date of annual return and actual date of filing the annual return whichever is earlier, establishment of GST tribunals, extension of time limit for revocation of Suo-Moto cancellation of Registrations, last but not the least more importantly grant new restoration under GST on fast track basis.
The delegation said that it is very necessary and need of hour to grant stipend for young professionals and pension for the senior professionals, it is also necessary to create or construct exclusive building for the professionals laced with the latest technology infrastructure of IT, library to conduct regular interaction programs and seminars between the government, professionals as well as Stakeholders, to grant medical cum life insurance policy for the professionals to safeguard their families, to create separate society for the professionals and most importantly to adjustment tax advocates into government standing counsels or other related government assignments. |
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