'Govt will keep interest of stakeholders in mind'

GST implementation


Jammu, Jan 19: Minister for Finance Abdul Rahim Rather today said the interests of all the stakeholders as well as the overall revenue interest of the state will be kept into consideration during implementation of the proposed Goods and Services Tax (GST) regime in J&K.
 The minister said the GST will be a comprehensive reform in the existing tax laws and tax management system, an official statement said.
 The minister was speaking at a pre-budget meeting with the members of trade and industry here today.
 The members of the Trade and Industry while thanking the Minister for giving them an opportunity to present their views before finalizing next year’s budget proposals presented memorandum of demands.
 The main issues raised in discussions included removal of discrepancy under VAT between J&K and other neighbouring States, Tax/VAT concessions on paddy, rice, wheat, pulses, Flour Atta Maida, CFL Tubes (Energy savers), dry whole milk, dry fruits, puja articles and Samgari.
 The traders also demanded to formulate a trade policy, creation of new warehouses/wholesale markets and institutional areas in Jammu, creation of new industrial estates, abolition of negative list, VAT remission to Industry, land ownership rights to industrial units, power amnesty scheme for revival of sick units, separate tourism/pilgrimage projects for Jammu province, new industrial policy for tourism and measure for making Jammu as an independent tourist destination.
 The 30 member delegation of CCI that participated in the discussions was led by its President Y.V. Sharma and Ravi Mahajan whereas 13 member delegation of CII was represented by Vicky Mahajan and Sanjay Puri.

Lastupdate on : Sat, 19 Jan 2013 21:30:00 Makkah time
Lastupdate on : Sat, 19 Jan 2013 18:30:00 GMT
Lastupdate on : Sun, 20 Jan 2013 00:00:00 IST

  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)

  • Kashmir

Snowfall exposes R&B

Potholes Reappear On Valley Roads


Srinagar, Jan 19: The recent snowfall has brought to fore the substandard material used by the Road and Buildings Department and improper techniques adopted for the construction of roads in the Valley More

  • Srinagar City

Jehangir Chowk–Natipora flyover construction hits roadblock

HSHS traders accuse authorities of breach of trust in rehabilitation


Srinagar, Jan 19: Traders of commercial hub Hari Singh High Street (HSHS) here on Saturday accused the state government of “breach of trust” in their rehabilitation for the proposed construction of flyover More

  • Jammu


Commences inspection of schools



Jammu, Jan 19:  To have firsthand experience of working in government schools and as part of his initiative to detach staff in education department, Deputy Chief Minister Tara Chand, who is Minister More

  • South Asia

‘All-inclusive dialogue needed to settle Kashmir issue peacefully’


Islamabad, Jan 19: While stressing the need for de-escalating tensions across the LoC in Jammu and Kashmir, the speakers at the All Parties Kashmir Conference (APKC) urged the international community to More

  • World

Controversial full body scanners to be removed from US airports

Washington, Jan 19: Those airport scanners with their all-too revealing body images will soon be going away. The Transportation Security Administration says the scanners that used a low-dose X-ray More

Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions