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| Drabu convenes pre-budget meeting | | | Early Times Report
Jammu, Dec 16: A Pre-Budget meeting was held at Excise and Taxation complex Rail Head Complex Jammu Chaired by Dr. Haseeb A Drabu, Finance Minister wherein threadbare discussions were held regarding existing taxation system and in the GST system which was to come soon. The Chamber President Rakesh Gupta presented a Memorandum of demands and stressed that it would be a great relief to the Industrialists who are state subjects be given proprietary rights of the land in the Industrial estates which is only lease basis at present. President Chamber of Commerce & Industry also demanded immediate announcement of amnesty on passenger tax and Commercial / Industrial Power outstanding bills. All demands were taken very positively by the Finance Minister. In addition the Chamber
They requested that amnesty be allowed on account of faults due to wrong classifications of various commodities for traders in case of VAT rates g TIN foil for packing material (should be 5% ), printer/ multi-functional printers(should be 5%), shoes (should be 5%) Exemption of Entertainment Tax on Games Zone, Power tariff for service industry / amnesty, Service tax on Banquet Halls, One time service tax to be deposited on the food being served, creations of New Wholesale markets / IT Parks / Cold Storages etc. |
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