x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Vishwa Yog Sansthaan organises plantation drive at Har Ki Pauri | Sadhotra calls for collective effort to support rain-flood-hit families | SKK's initiative for rnvironmental stewardship among Divyang | DPS Jammu bids farewell to three stalwart teachers | Reasi police cracks scooty theft case - two arrested, stolen vehicle recovered | AJKTWA urges expedited implementation of E-Bus routes, CEO Smart City promises swift action | On the eve of PM's birthday, Sat Sharma releases poem titled "Modi Era" written by Balbir | Absconder arrested after 33 years | Textile and apparel parks to be set up in UP in the name of Sant Kabir: CM Yogi | Commissioner JMC visits flood-hit areas of ward no. 56, Gangyal-Babliana | LG Kavinder Gupta participates in India Youth Parliament at Jaipur | MLA Ch Vikram Randhawa Visits Belicharana & Bank of Nikki Tawi to Assess Damage | Director Health Services, Jammu Visits Sub District Hospital Jagti | Unique International Public School organises Bocce Ball Sports event | Rana reviews measures to address water woes in Habbakadal constituency | Repeat drug offender can't escape preventive detention:DB | Distance-Mode Engineering Degree Can't Add Weightage: DB | Humanity Public School organises English and Hindi calligraphy competition | Resonance 2025: A fusion of memories and milestones at DAV College, Amritsar | Shiv Public Hr Sec School & Shiv Kidz Planet Host Painting Competition | KC College of Education observed World Ozone Day | SMVDU cadets selected for prestigious All India Vayu Sainik Camp (AIVSC) | GDC Ramnagar organises Poster Making Competition on World Ozone Day | GDC RS Pura organizes sympsium on local youth actions for the sustainable development goals and beyond | GDC Ramgarh Initiates Tribute to Mahatma Gandhi | Infighting emerges in AAP amid stir against PSA on Mehraj Malik | BJP eyes comeback in Leh, starts preparations for prestigious LAHDC Leh polls | Terrorism supporter Shahid Afridi hails Rahul Gandhi as a “voice of peace” | Robust mobile, internet services essential for effective governance: CM Omar | Gadkari, CM review Srinagar-Jammu Highway traffic restoration | Over 3,000 forced to leave homes in Jammu | Proclaimed offender in terror case brought back To Jammu from Bengaluru | Conviction in terror and narcotics cases must improve: IGP Kashmir directs officers | Threat of Dengue, Malaria looms; fogging intensified | Mata Vaishno Devi pilgrimage to resume today | Terrorist hideout busted | Modi’s words that moved a nation | Information Overloaded Minds | Amit Shah’s Clarion Call | Back Issues  
 
news details
Finance department delays funds release, causing concern for industrial units in J&K
9/2/2023 10:28:33 PM
Early Times Report
JAMMU, Sept 2: An urgent meeting of the Bari Brahmana Industries Association (BBIA) convened today to address the pressing issue of the Finance Department's failure to release funds for the reimbursement of Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) claims, causing significant disruptions to the working capital of industrial units.
The meeting, presided over by Lalit Mahajan, President of BBIA, saw the presence of key members, including Tarun Singla, Senior Vice President; Ajay Langer, Vice President; Viraaj Malhotra, General Secretary; Rajesh Jain, Secretary; and Vivek Singhal, Treasurer of BBIA, among others.
Members present at the meeting expressed grave concerns over the delayed payment of reimbursement claims for CGST and SGST, which had been duly sanctioned and forwarded by the State Tax Department of Jammu. The outstanding claims amount to approximately Rs. 25 crores for Jammu Division and have been pending at the Additional Treasury in Gandhi Nagar, Jammu, for over a month. This delay has resulted in the blockage of crucial working capital funds for industrial units.
The meeting highlighted that the payment of reimbursement claims for CGST and SGST should ideally be released within 21 days from the date of submission, as per the guidelines outlined in the State Tax Department's SROs (Service Rules and Orders). However, the Finance Department's failure to allocate the necessary funds to the Additional Treasury in Gandhi Nagar, Jammu, has resulted in a significant setback for industrial units.
BBIA expressed its disappointment in the casual approach of the Finance Department, suggesting that it appears to be a low priority for the government to address the pressing needs of working industrial units in Jammu and Kashmir. The industrial sector in the region plays a pivotal role in providing employment opportunities to thousands of local residents.
BBIA earnestly requested the intervention of Lt. Governor Manoj Sinha and Santosh Dattatreya Vaidya (IAS), Principal Secretary of the Finance Department. They urged these officials to issue the necessary directives for the timely release of funds to the Additional Treasury in Gandhi Nagar, Jammu, to facilitate the release of pending payments to unit holders.
The delay in reimbursement claims is seen as a critical issue that directly impacts the economic well-being of industrial units in the region, and prompt resolution is anticipated to mitigate these challenges.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU