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FOIJ demands extension in filing VAT returns 7/26/2016 10:58:34 PM Early Times Report Jammu, July 26: Members of Federation of Industries, Jammu (FOIJ) held meeting today under the chairmanship of Lalit Mahajan Chairman to discuss the difficulties being faced by the Industrial sector of Jammu Region due to ongoing unrest in the Kashmir valley and demanded extension in filing VAT return. Members present in the meeting raised serious concern about the suspension in the supply of industrial goods to valley resulting pilling up of stocks in their units due to which the manufacturing activities of industrial sector stands still and they have no option but to stop the production in near future. It is pertinent to mention here that the industrial sector of Jammu is totally depends for the supply of their finished goods to Kashmir Valley & any disturbance in the supply chain adversely affect the working of the units resulting into huge financial crunch as well as due to non working of Banks and the suspension of Internet Services across the whole State. Federation of Industries, Jammu request Mehabooba Mufti Hon'ble Chief Minister J&K, Dr. Haseeb A Drabu, Hon'ble Finance Minister and Chander Parkash, Hon'ble Industries & Commerce Minister for the Extension of date for the Filing of VAT Returns & also request to take up the matter with Arun Jaitley Hon'ble Finance Minister, Govt. of India to wave off the Interest on working capital & term loan for three months of the Industrial units which will provide relief to the Industrial Sector of J&K.   Share This News with Your Friends on Social Network     Comment on this Story

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