JAMMU: Rahul Sahai Chairman of PHDCCI Jammu Chapter has hailed the decision of the Administrative Council (AC) led by Manoj Sinha, Lieutenant Governor of J&K, for approving the proposal of the Finance Department for granting amnesty for settlement of tax arrears pertaining to pre GST regime.
Mr Sahai in a statement to Ziraat Times said this step is going to provide relief to the tax payers in the form of waiver of interest and penalty, besides recovery of the blocked revenue to the Government.
Mr Sahai also urged the prospective beneficiaries to avail the amnesty scheme this time ‘as this could be the last chance of getting this amnesty.’ Mr Sahai also suggested Banks to fund for the requirement.
Mr Sahai also remarked that earlier all dealers could not take benefit of previous amnesty schemes issued by Govt. due to various reasons, including Covid-19 pandemic but this would help them also as the new amnesty scheme provides relief to dealers on the notified term.
This decision on the part of government will result into minimizing of tax dispute cases and winding up of pre-GST cases etc, he added.
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