Advocating for Industrial Growth: Chamber of Commerce & Industry Jammu Proposes VAT Amnesty, Power Amnesty, and Turnover Incentives to Boost Economic Viability in J&K

Jammu, 18-12-2023 : The delegation of the Chamber of Commerce & Industry Jammu today met the Chief Secretary Sh. Atal Dulloo, IAS. At the outset Sh. Arun Gupta expressed his heartiest congratulations and welcomed Sh. Atal Dulloo, IAS on assuming the charge of the Highest and prestigious post of Chief Secretary UT of J&K.  During interaction Sh. Arun Gupta apprised the Chief Secretary that Although the government is trying is level best for the development and beautification of Tawi River banks and creating a freshwater lake. The project needs to be expedited and more such projects are also required to be taken in hand to attract pilgrims/tourists to the city of temples as in the near future the train is going to be reach Kashmir Valley.

Further the work on the Mubarak Mandi Heritage Complex is going on at a snail’s pace. We request that the work on the said project should be expedited and the light and sound system over there should also be started at the earliest.

Sh. Arun Gupta also requested that Patnitop should be developed as a tourist hub for which it is necessary to allow commercial activities over there on the pattern of Gulmarg and Pahalgam.

During interaction Sh. Arun Gupta briefed the Chief Secretary that in spite of depositing the prescribed fee by the allottee of Shiv Market Railway Station have not be executed since last than `15 years the same should be expedited.

He also apprised the Chief Secretary that the lease deeds of some allottees of Sabzi Mandi and Fruit Mandi Narwal have expired the same should be renewed after charging minimum possible premium. Further some allottee of Bahu Plaza commercial shops have not been given procession and lease deeds executed with them the same should also be expedited.

It was also impressed upon the Chief Secretary that the delayed payment act which at present is applicable to MSME registered units be available to MSME registered firms also.

Further, the GST structure in respect of Dhabas, Halwaies, and Tea Stalls needs to be reexamined and slashed down are in the alternative the composite tax level be raised to 50 lacs.

The limit of e-way bills be enhanced from existing 50 thousand to Rs. 1 lac

Sh. Arun Gupta also demanded that the old damaged water pipes should be removed and fresh pipes be laid so that the people can get portable drinking water.

The government should formulate a scheme allowing ownership rights of leasehold Industrial land to local sons of soil/entrepreneurs after a period of 25 years of first/ original allotment of land after charging a nominal amount as conversion fee.

He also requested to include a separate clause of land value / Stamp duty rates for Industrial land which is to be registered for Industrial units.

Further he demanded the extension in the validity of provisional registration to benefit the unit holders who could not commence productions within stipulated time due to non availability of road connectivity, electric supply and water supply due to which they are unable to get the financial help from the banks and the other commercial institutes.

Sh. Arun Gupta also said that the government has announced turnover incentives for the existing Industries for their survival and become viable but till date no turnover incentives has been given to any Industrial unit. We request that these incentives for the year 2021-22 and 2022-23 be released for the industries without any capping at the earliest.

Sh. Arun Gupta also demanded VAT amnesty scheme and power amnesty for commercial users.

Sh. Arun Gupta briefed the Chief Secretary that Custodian Land is being allotted for the purpose of Industrial use after charging circle rates. We request that the said land should be transferred / allotted after charging the fee equivalent to the rates of transfer fee of normal Industrial land i.e Rs. 6.00 lacs per kanal.

The other Office bearers who accompanied the delegation include Sh. Anil Gupta, Sr. Vice President CCI, Sh. Rajeev Gupta, Jr. Vice President CCI, Sh. Manish Gupta, Secretary General CCI and Sh. Rajesh Gupta, Secretary CCI.

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