The Biz Reporter
Srinagar, Feb 2: In a significant development, the Kashmir Chamber of Commerce & Industry (KCCI) convened a special meeting today with Commissioner Taxes, P. L. Bhat, in Srinagar. The KCCI delegation, led by Secretary General Faiz Ahmad Bakshi, comprised members Fayaz Ahmad (Alfa), Sardar Rajwant Singh, and Abid Hussain Pandita.
The KCCI extended congratulations to Commissioner Bhat on his recent appointment, expressing confidence in his ability to address long-standing issues affecting taxpayers promptly. The delegation highlighted concerns dating back to the 2014 floods, as well as challenges arising from the transition to the Vat and GST regimes that remain unresolved.
Commending the recent pre-GST Amnesty Scheme announcement, KCCI sought its application to cater to both smaller and larger amnesty seekers. The delegation emphasized the necessity for taxpayer awareness and interpretation clarity of various provisions within the GST Act, which often conflict with officials’ interpretations.
A critical aspect brought to Commissioner Bhat’s attention was the imperative need for a friendly relationship between the Tax Department and taxpayers, addressing numerous complaints. KCCI urged an end to the raid system, advocating for respectful treatment of the tax-paying business community, especially given the consistent increase in tax collections.
Specific issues, including pre-GST and post-GST discrepancies, GST Tax return challenges during the initial stage of the GST regime, and tax mismatches, were detailed in a memorandum submitted to the Commissioner. The delegation also highlighted concerns such as the failure of GST deposits by Government Departments to suppliers/contractors and the non-existence of Tribunals.
Commissioner Bhat assured that there would be no harassment caused by Tax officials to the trading community. Any reported complaints would be promptly addressed, with the Commissioner expressing willingness to take matters up with the GST Council. He acknowledged that several issues raised were common among traders across the country and hoped for resolutions in the near future.
Meanwhile, the KCC&I, in compliance with the Deputy Registrar of Companies’ order for Jammu & Kashmir and Ladakh, filed the required documents on the specified due date. These documents covered a period inclusive of pending compliance matters.
