Bill to amend GST introduced in LA
‘DDOs will be allotted Tax Deduction Numbers’
Jammu, Apr 2: Minister for Finance, Abdul Rahim Rather today introduced a Bill to amend the Jammu and Kashmir General Sales Tax Act, 1962 in the Legislative Assembly.
The Bill has already been published in an extra ordinary issue of the Government Gazette, an official statement said.
Giving details about objects of the Bill, Rather said the amendment proposed in the J&K GST Act, 1962, is aimed at providing relief to the long pending demands of contractors.
It would be mandatory for the Drawing and Disbursing Offices, who deduct tax from dealers, engaged in the execution of works contracts, to get registered with the Commercial Taxes Department, and they would be allotted Tax Deduction Numbers (TDN).
The proposed amendment would ensure that the tax deducted by the Drawing and Disbursing Officers, is promptly deposited in the treasures and individual tax payments of the contractors are identified, which would reduce the infructuous demands created against the contractors by Assessing Authorities.
Lastupdate on : Mon, 2 Apr 2012 21:30:00 Makkah time
Lastupdate on : Mon, 2 Apr 2012 18:30:00 GMT
Lastupdate on : Tue, 3 Apr 2012 00:00:00 IST
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