PHDCCI Jammu raises GST issues with  Commissioner State Taxes Dept

Jammu: In a recent meeting, Rahul Sahai, Chairman of PHDCCI Jammu Chapter, met with P.K. Bhat, the newly appointed Commissioner of State Taxes Department (GST) for Jammu and Kashmir. The meeting focused on addressing various challenges faced by businesses in Jammu related to the implementation of the Goods and Services Tax (GST).

Delayed Reimbursements and Urgent Solutions:

According to a statement issued to Ziraat Times, Mr. Sahai emphasized the critical issue of delayed SGST reimbursements, highlighting it as a crucial incentive for existing industries. He urged timely disbursement of reimbursements to ensure smooth operations and financial stability.

One-Time Window for Auto Dealers:

Additionally, Mr. Sahai raised concerns specific to auto dealers, requesting a one-time window for generating Invoices Registration Number (IRP) through the invoice registration portal (IRO). This measure would address challenges faced by these businesses in complying with GST regulations.

Enhanced Collaboration and Transparency:

To foster a more collaborative and transparent environment, Mr. Sahai suggested forming an advisory committee comprising representatives from prominent organizations like PHDCCI. This committee would facilitate open communication and address issues impacting businesses more effectively.

Technical Glitches and Timely Fixes:

Technical glitches affecting the timely filing of GSTR-1 returns was another concern raised by Mr. Sahai. He urged the department to prioritize resolving these technical issues at the earliest to avoid unnecessary burdens on businesses.

Commissioner Bhat’s Assurances and Action Plan:

Commissioner Bhat acknowledged the concerns raised by PHDCCI and affirmed his commitment to finding solutions. He assured timely action on the issue of SGST reimbursements, even considering a direct appeal to the government for expedited fund allocation. Regarding GSTR-1 technical errors, he acknowledged the national scope of the problem and assured its resolution within a few days.

Embracing Amnesty and Building Trust:

Commissioner Bhat encouraged businesses to take advantage of the government’s recently announced amnesty scheme, describing it as a final opportunity to rectify any discrepancies. He also outlined plans to reduce inspections for industry reimbursements and introduced upcoming initiatives aimed at facilitating businesses and simplifying compliance procedures.

Open Doors and Supportive Environment:

Furthermore, Commissioner Bhat emphasized his department’s commitment to creating a supportive environment for businesses. He stressed the importance of data-driven tax collection over intrusive inspections, reiterating that the department’s doors are always open for addressing any concerns faced by businesses.

Building a Robust Economic Future:

The meeting concluded with a shared vision for a thriving economy in Jammu and Kashmir. Commissioner Bhat acknowledged the Chief Secretary’s dedication towards the holistic development of the Union Territory, with a particular focus on boosting micro-industries and tourism. PHDCCI Jammu committed its continued collaboration and support in promoting a conducive business environment and unlocking the economic potential of the region.