STATE TIMES NEWS
JAMMU: Demanding immediate rollback on VAT and Toll Tax hike, Chamber of Industries and Commerce, Jammu and Kashmir on Wednesday decided to observe shutdown on 4th June.
Resenting against the ‘anti-trade and anti-poor’ Budget 2016-17, President CCI Jammu, Rakesh Gupta said, “The Chambers of Jammu and Kashmir provinces shall observe total shutdown on 4th June and if the government does not rollback the hike on VAT and Toll Tax, we will go for indefinite Bandh.”
However, Jammu Chamber of Commerce has decided to observe two-hour Bandh on 2nd June between 10:00 AM and 12:00 noon apart from taking out rally towards the Commercial Taxes Department building at Rail Head Complex, Jammu, as a mark of protest and to make it clear to the government that no additional VAT or Toll Tax will be allowed to be imposed as higher taxes give rise to unethical business which the Finance Department wants so that they can earn through corrupt practices, he told reporters.
Present in the press conference include Sham Lal Langer, Senior Vice President, Deepak Aggarwal, Junior Vice President and Ashu Gupta, Treasurer.
Meanwhile, business community in Kashmir has described the state’s budget as “more on rhetoric and less on content” and called for a traders’ shutdown on June 4 to protest against it.
The budget was discussed at a joint meeting of the Kashmir Chamber of Commerce and Industry (KCCI), Kashmir Economic Alliance (KEA), Kashmir Traders and Manufacturers Federation (KTMF) and Federation Chamber of Industries Kashmir (FCIK) here.
In a joint statement later, they said, “The budget has been found to be more on rhetoric and less on content, more-so, in the background of the devastation caused by the 2014 floods which caused unprecedented damage to people at large in general and trade, commerce and Industry in particular.”
The trade bodies urged the business establishments to down their shutters on June 4 in protest against the budget proposals unless the government rolls back the taxes and addresses the concerns.
Presenting their objections, the trade bodies said the increase in taxes from five per cent to 14.5 per cent on consumer items like readymade garments, mobile phones, frozen food items will affect adversely both the business and the people in general.
The entertainment duty of Rs 50 per connection on satellite and cable TV would directly affect the common man, the statement said.
No tax exemption has been given for walnut wood carving products or handicraft made products like bags, cushion covers etc, the joint statement said.
The increase of five per cent tax on ATF (Aviation Turbine Fuel) would impact the “already irrationally applied air fares to Jammu-Srinagar routes and would in turn affect badly the local and tourist travel”, the statement said.
The long-pending demand for Artisan Credit Card Scheme to be brought at par with the Kisan Credit Card Scheme has been ignored in the budget which is causing liquidity crunch for the artisans who are otherwise contributing in a big way to this export business of the state and foreign exchange earning of the country, it said.
The business community said nothing specific from the state has been provided to compensate or provide relief to the flood victims, leaving them to suffer indefinitely.
Removal of negative list of items being manufactured by local industries has not been addressed and waiver of interest or surcharge from power dues has not been taken into consideration, it said.
