ANANTNAG: In connection with the implementation of Goods and Services Tax (GST) in Anantnag, Joint Secretary Industries & Commerce (I&C) Ministry, Sudhanshu Pandey chaired a meeting to take stock of the issues being faced by traders here on Friday.
Deputy Commissioner, Anantnag, Syed Abid Rasheed Shah talked the status of implementation of the ‘path-breaking’ taxation regime and informed that the district administration was doing its best to ensure smooth implementation of the new tax regime.
According to the press note, 3546 provisional IDs have been distributed and from 11th July to 31st July, 105 GST registrations have been made while as 2356 dealers have been migrated in the two Commercial Tax circles.
Traders from both the districts (Anantnag and Kulgam) raised various issues like cesses charged, exemptions to local industry, toll tax, transaction and connectivity issues, stock adjustment and brand taxes.
With respect to the pending stocks, in case of those stocks having available vouchers/ bills, the traders can opt for input tax credit (ITC) through Train A or B forms and for those who do not have bill proof will get an ITC of 40% on the stocks previously taxed below 18% and 60% on the items previously taxed above 18%.
Various awareness camps were organized by Commercial Taxes Department to educate the dealers on different aspects of the new tax regime, the press note further read.
CTO Anantnag said that under new regime, the registration process has been simplified and a dealer has to submit details of PAN, email ID and registered mobile number for getting registration within 3 days.
The Joint Secretary patiently listened to the issues raised by various traders and assured them that he would be raising them in the next GST Council meeting.
He directed the Commercial Tax officers to adopt multi-pronged strategy for smooth implementation of the tax regime including creation of knowledge resource through intensive training programmes, awareness camps on legal issues, complex taxation rate issues and service sector specific issues.
The meeting was attended by district officers of Anantnag and Kulgam districts and a good number of traders from Anantnag and Kulgam.