PHDCCI for extension in amnesty for settlement of unresolved issues in old tax regime

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SRINAGAR: For extension in grant of amnesty for settlement of unresolved issues in the old tax regime and filing tax returns by flood victim traders, a delegation of PHD Chamber of Commerce & Industry (PHDCCI) Kashmir led by its chairman Mushtaq Ahmed Chaya on Monday had a meeting with Finance Minister, Syed Muhammad Altaf Bukhari and Principal Secretary, Finance Department, Naveen Kumar Chowdhary.
The finance minister appreciated the struggle and sacrifices of the trader and business community of Kashmir. The delegation apprised the finance minister about issues faced by the business community of Kashmir region.
“Kashmir traders have a very genuine demand for extension in grant of amnesty for settlement of unresolved issues in the old tax regime and filing tax returns by flood victim traders,” an official statement read.
The chamber asked the minister for “personal intervention in the matter to prevail upon the finance department and commercial taxes department to extend the dates for depositing 1st installment”, the statement read.
The statement further read that in 4th budget of state government, “it was announced that the hotels and resorts will be treated at par with the industries as far as payment of power tariff is concerned and from April 1, 2018, hotels and resorts will now have to pay the same power tariff as is applicable to industries, but the formal notification/SRO from government to Power department has not been issued till date”.
The finance minister assured the delegation that the necessary orders would be issued to resolve the issue soon.

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