KCCI concerned over ‘anxiety’ among flood-affected traders

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Discuss non-settlement of pending issues of input-tax credit, amnesty regarding unresolved tax payments of VAT regime with B B Vyas

SRINAGAR: Drawing attention of Advisor to the Governor, B B Vyas towards the anxiety among flood-affected traders regarding non-settlement of pending issues of input-tax credit and amnesty regarding unresolved tax payments of VAT regime, a delegation of the Kashmir Chamber of Commerce and Industry (KCCI) led by Javid Ahmad Tenga, President KCCI met the advisor here on Wednesday.
The advisor assured the delegation that the government was conscious of the matter and was working towards the resolution of these issues. He further stated that in case the matter could not – for any reason – be resolved before 14th of August, 2018, the last date for submission of tax would be further extended for the convenience of the business community, an official statement issued here read.
The issue of incorporation of the suggestions and recommendations given by the KCCI for the Srinagar Master Plan was also discussed. The advisor stated that due credence had been given to suggestions received and in this regard an interactive meeting with the KCCI would be convened soon.
Appreciating the efforts being put in by the administration for clearing the water logged areas, the KCCI, however, expressed concern over the failure of the storm drainage system constructed with a huge expenditure and inconvenience to the establishments of the central business district. B B Vyas said that they would look into this issue and take measures for enhancement of water absorption capacity of all flood prone areas, the statement further read.
The delegation raised the problem of understaffing of officers in the industries and commerce department which was causing a lot of inconvenience to the general public. According to reports, the department was short of 1 joint director and almost 9 general managers. The advisor issued on-spot directions for filling up of the vacancies, it read.
Raising the issue of non-implementation of measures announced in the state budget, KCCI president, Javid Ahmad Tenga said that hotels/guest houses and restaurants were still receiving electricity bills at high rates although they had been assured of being charged at industrial tariff rates, read the statement.
Tenga appreciated the recommendations made for extension of ‘north east incentives’ for J&K by Governor N N Vohra. He said that the chamber had been pursuing this issue from many months and hoped that the Government of India would give a positive response to this demand from the state, the statement added.