CCJ holds meeting, discusses issues

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An urgent Press Conference was held today at Chamber House regarding the burning issues being faced by the business world due to non acceptance e of genuine demands by the state government in the previous budgets. President Chamber of Commerce & Industry Rakesh Gupta listed the major issues that have become a pain in the neck of business people who have demanded amnesty policy on GST/Excise/ VAT recoveries wherein the Principle amount could be paid and the interest and penalty be waived off whether in case of recovery on account of delayed payments or misclassification of products in VAT act. The Chamber also condemn the service tax on the sports category e.g the GYM services. The Chamber also felt that the state government is hell bent on devastating the economy of Jammu where entertainment tax on indoor activities like 5D and 9D theaters, Video games, Rides has been imposed.
The Chamber demands exemption of any sort of tax on the same as it is with the great efforts and investments of entrepreneurs that such things have started coming up in Jammu. The Chamber again appealed to the state government for rationalization of VAT rates as compared PAN India especially on Desi Ghee, Margine, Soap, Dry fruits, UPS, Printing Cartridges, Poly Carbonates sheets, Plastic sheets, file covers and automobiles in CSD to 5% and also exempt the software needed for billing purposes from any sort of tax. Chamber also demands exemption of VAT on all types of study materials used by students. Chamber also demanded one time composite service tax on food being served at Banquet Halls and also enhances the COT from present 25 lacs to 50 lacs in case of small traders and Dhabawalas. The other office bearers present in the Press Conference include Sh. Sham Lal Langer, Sr. Vice President, Deepak Aggarwal, Jr. Vice President, Sh. Arun Gupta, Secretary General, Sh. Rahul Mahajan, Secretary and
Ashu Gupta, Treasurer.

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