BBIA slams Finance Department for delaying ₹42 crore GST reimbursement to industries
FINANCE DEPARTMENT FAILED TO CLEAR THE LIABILITY OF APPROX. RS. 42 CRORES GST REIMBURSEMENT CLAIMS OF WORKING INDUSTRIAL UNITS– BBIA
Jammu, 29-08-2025: Sh. Lalit Mahajan, President Bari Brahmana Industries Association and Co-Chairman Federation of Industries Jammu, draws the kind attention of Sh. Omar Abdullah Hon’ble Chief Minister and Sh. Surinder Kumar Choudhary, Deputy Chief Minister towards the non release of Funds by Finance Department to clear the liability of approximately. Rs. 42 Crores in respect of approved GST reimbursement claims ending March 2025 pending with the Govt. Treasuries are due to the non-release of funds by the Finance Department.
While highlighting the issue Sh. Lalit Mahajan draw the kind attention of Hon’ble Chief Minister who is also holding the charge of Finance Minister, towards the pending Reimbursement Claims of CGST/SGST amounting to approx. Rs. 42 Crores duly sanctioned and forwarded by State Tax Department to Govt. Treasuries of J & K for the period ending 31-03-2025, but due to least priority of Finance Department to clear the outstanding liability of GST Reimbursement Claims the working of Industrial Units is suffering very badly due to the blockage of funds.
It is pertinent to mention here that, as per the guidelines of SRO’s the payment of reimbursement claims of CGST/SGST should be released within 21 days from the date of submission of claims but the payments of sanctioned claims submitted for the period up to 31-03-2025 awaiting allotment of requisite funds to Govt. Treasuries by Finance Department are resulting in the working units suffering very badly as the Unit Holders failed to pay the Salary/Bank Interest and other Govt. due dues and it is the need of the hour for immediate release of Funds by the Finance Department to clear the liability on a priority basis.
We request Sh. Omar Abdullah, Hon’ble Chief Minister, Sh. Surinder Kumar Choudhary, Deputy Chief Minister; & Sh. Santosh Dattatreya Vaidya (IAS), Principal Secretary of the Finance Department, for their kind intervention for the release of requisite funds on a priority basis to Govt. Treasuries for the reimbursement of GST claims, which will provide great relief to the Industrial Units.
