PAC reviews implementation of VAT

Committee on Public Accounts (PAC) of J&K Legislative Assembly today held a meeting under the chairmanship of MLA, Mian Altaf Ahmed “to examine the CAG Audit Paras pertaining to implementation and working of VAT Act, 2005 by the Finance department,” an official handout said.
PAC reviews implementation of VAT

Committee on Public Accounts (PAC) of J&K Legislative Assembly today held a meeting under the chairmanship of MLA, Mian Altaf Ahmed "to examine the CAG Audit Paras pertaining to implementation and working of VAT Act, 2005 by the Finance department," an official handout said.

Legislators, Nawang Rigzin Jora, Aijaz Ahmed Khan, Choudhary Sukhnandan Kumar, Javid Mustaffa Mir, Ranbir Singh Pathania, Rajesh Gupta, Qaiser Jamshed Lone and Mohammad Khursheed Alam were present.

Commissioner Secretary, Finance Department, Navin K. Choudhary briefed the Committee about the observations made by the CAG in its Audit report regarding the department and assured the Committee that the department is fully prepared to implement GST in the State.

The Committee recommended that the Law Department should appoint lawyers with credible experience of taxation laws as Government counsels to minimize the number of pendency relating to tax evasions in various courts of the state.

The Committee dropped some Audit Paras with some suggestions after satisfied reply was given by the concerned department. Accountant General, (Audit), CAG, H. Abbas highlighted the observations made by the CAG report pertaining to the Finance department. 

Commissioner, Commercial Taxes, (CTT), Parvez Khateeb, Additional Commissioner Commercial Taxes, Srinagar and Jammu, besides officers and officials of concerned department attended the meeting.

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