President KTA welcomes the package announced by the government for businesses

Srinagar: President Kashmir Trade AAlliance Ajaz Shahdhar welcomes the package announced by the Government in the first step and it is optimised that in next step all small traders and shopkeeper will get covered for the economic package in order to revive his business.
Kashmir trade alliance has demanded for extension of amnesty scheme for pending sales tax arrears upto ending March 2021, but, unfortunately it has been restricted upto ending October 2020. It is reiterated that scope of amnesty already announced under government order No 39-FD of 2018 be extended upto ending March, 2021, besides strong recommendations be made to GST council for extension of date of filing of GSTR 3B upto ending March, 202
In respect of all pending returns with waiver of late fee and also late fee paid by traders for late filing of returns be refunded or credited to the cash ledger of dealers. Moreover those dealers/ Industrial unit holders who could not place claim for tax reimbursement inn time, they be allowed to file claims for all pending quarters upto ending March, 2020

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