Trade Associations from the Gangyal, Bari Brahmana and other industrial areas approached BJP State General Secretary Harinder Gupta in BJP headquarter, Trikuta Nagar to loudly appreciate the steps taken by Central Government for the remissions in GST, which come as a major relief for traders, industries and exporters of the regions.
Harinder Gupta, while addressing the trade fraternity members, thanked Prime Minister Narendra Modi and GST Council headed by Finance Minister Arun Jaitely for raising the margin for traders to avail composition scheme, which will allows more members from the fraternity to pay minimal tax without going through the tiresome work out and formalities to the tune of 1 Crore Rupees. He remarked that there was a heavy burden on small businesses for the practical compliance on tax matter, although their taxes were insignificant. He said that GST has even got better now.
Industrial Association led by its Senior Vice-President Bansi Lal Gupta along with Vice-President Ashok Jain, General Secretary Pardeep Vaid and other senior functionaries of the association visited BJP state Office, Trikuta Nagar, to express their gratitude and thank the Central and the State Leadership of Bharatiya Janata Party for listening to the genuine demands of the industries and the trade fraternity, to make certain positive changes in the Goods and Services Tax (GST) recently introduced by the Union government for removing the anomalies in the tax structure of the country. It is pertinent to mention here that, GST is viewed as the major tax reform for the unification of many taxes, since the modern history of Independent India after 1947.
Traders thanked the BJP and the Union Government led by PM Modi for the step of giving relief to the business community for filing of returns quarterly against the set system of monthly filling up to the sale of 1.5 Crore Rupees annually. This is the major boost for the traders joining the GST regime, they exclaimed.
Industrial association members also requested the BJP leaders to effectively present their demand for availing different fiscal incentives for the sustainability of the existent industries and for the bringing of new industries in the state in the line of previously existing benefits to the industries, which State and Central Government have committed and asked the Central and State Government to immediately notify the said incentives to generate the employment and improve the performance and sustainability of industries in the J&K State.
State Treasurer Chander Mohan Gupta and State Additional Treasurer Arvind Gupta were also present on the occasion.