SrinagarMinister for Finance, Labor and Employment Syed Mohammad Altaf Bukhari today chaired a meeting to review the refund process of GST.
The meeting was attended by Principal Secretary Finance Naveen Kumar Chaudhary, President Federation of Chamber of Industries Kashmir (FCIK), Mohammad Ashraf Mir, FCIJ Lalit Mahajan and other representatives of business fraternity.
The meeting discussed various issues concerning business and manufacturers of the state and the refund process of GST. The meeting was informed that the provisional refund of GSTY shall be paid till the proper networking system is put in place.
The meeting also discussed the reservation of items being manufactured in local industry and price preferences for the products being manufactured locally. The Minister assured the members of FCIK and FCIJ that the government is keen to promote local industry and that government will take all possible steps to boost local industry.
Bukhari said government will stick Industry Policy and as per guidelines issued by Finance Department.
Kashmir Inc hails Bukhari for amnesty scheme
Kashmir Chamber of Commerce & Industry (Inc) has hailed and expressed satisfaction at the decision taken by the Finance Minister, Syed Altaf Bukhari regarding extension of amnesty scheme for settlement of unresolved issues in the old tax regime by sixty days.
The scheme was extended as per government order No: 247-FD of 2018 on Thursday.
“This will indeed give further breather to the concerned assesses, who have suffered a lot on account of various reasons, in the past to avail the amnesty”, said KCC&I president Javid Ahmad Tenga.
The Kashmir Chamber of Commerce & Industry had recently pleaded the issue with the Finance Minister on 14th of May, 2018 for the extension of the Scheme
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