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FoIJ calls on I&C Minister, highlights issues 4/11/2018 11:29:04 PM Early Times Report Jammu, Apr 11: A delegation of Federation of Industries Jammu under the Chairmanship of Lalit Mahajan, Chairman FoIJ met with Chander Parkash, Industries & Commerce Minister and raised several issues. During the course of discussions, Mahajan raised the issue in respect of uncertainty prevails in the mind of Micro & Small Scale Sector Units having less than Rs 1.50 Crores turnover and not covered in the Central Excise prior to GST, as the Fiscal Incentives granted vide SRO No. 63 for the refund of SGST only, whereas the Units covered under the SRO NO. 521 entitled for the Refund of 58% CGST as per Central Govt. Package of Incentives and 42% Refund by the State Govt. due to which un healthy competition foreseen in near future by the Micro & Small Scale Sector of the State as these Units not able to get any benefit for the CGST paid and we fear that in future majority of Micro & Small Scale Units may be closed. The matter, regarding the cumbersome procedure in respect of Inspection of Units and the Audit defined in the said SRO,s for claiming the Refund, also brought in to the notice of the Minister, resulting harassment being faced by the Unit Holders in future in contrary to the Simplified procedure prior to GST under the VAT Regime for the Remission to the Industrial Units and we termed the cumbersome procedure as per SRO,s as an hurdles in the Refund Mechanism, Encouragement to Inspector Raj and also against the concept of Ease Of Doing Business adopted by the Industries Department. Members also brought into the notice of the Industries Minister that Federation of Industries numbers of time requested the Govt. to provide relief to the Micro & Small Scale Units not covered under the Central Excise prior to GST Regime but in spite of Assurance given by the Govt. from time to time to provide relief to such Units nothing has been done so far. Minister gave a patient hearing to the issues raised by Chairman, FOIJ and assured the delegation that the matter shall be taken on priority basis with the State/Central Govt. to resolve the issues highlighted by the Federation.   Share This News with Your Friends on Social Network     Comment on this Story

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