Orders for tax waiver of 2014-flood hit businesses issued

A finance department order number 492-FD of 2018 dated November 16, 2018 further said, “The demands already settled, if any, shall not be covered under this scheme.”

GKNN
Jammu, Publish Date: Nov 17 2018 1:28AM | Updated Date: Nov 17 2018 1:28AM
Orders for tax waiver of 2014-flood hit businesses issuedRepresentational pic

Finance department here on Friday issued formal order to the complete waiver of the demands raised by the assessing authorities against 1573 flood hit dealers by rejecting their input tax credit claim for the stocks destroyed in September 2014 floods.

A finance department order number 492-FD of 2018 dated November 16, 2018 further said, “The demands already settled, if any, shall not be covered under this scheme.”

It is important to mention here that the traders had been demanding waiver of demands raised by the assessing authorities against the flood affected dealers, by rejecting their input tax credit claim for the stocks destroyed in the floods of September, 2014.

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