Excelsior Correspondent
JAMMU, Dec 23: Federation of Chambers of Industries Kashmir (FCIK) has lambasted the Government for yet another deceit inflicted upon the industrial sector through flawed and discriminatory orders regarding incentivizing industrial units on account of SGST.
In a meeting held under the chairmanship of President FCIK Er Mukhtar Yousuf, the members termed the SROs 519 and 521 issued yesterday as mere eye wash aimed at hoodwinking both the industrial community as well as general public on account of reimbursement of GST. The members observed that both the SROs pertain to a handful of units which were entitled for refund of central excise prior to implementation of GST regime and account for less than 0.5 per cent of the total industrial units.
Furthermore over 90 per cent of these units happen to be of outside investors who have set up their units at Samba, Kathua and Jammu, they said, adding that whereas these large units have been assured of reimbursement of 100 per cent SGST and 42 per cent of CGST, the local enterprises have been left high and dry only with further assurances.
Government is duty bound to explain the urgency of issuing orders that cover bigwigs while denying or deferring such orders for common unit holders. Furthermore they need to explain how 42 per cent of CGST which is received and retained by the Central Government is being reimbursed to these units out of State exchequer when there is no such intention or scheme for the local units.
FCIK has demanded to put these SROs on hold till such time the SROs for similar treatment to the local units are issued without any prejudice or discrimination.
FCIK appealed the Chief Minister to delve deep into this grave issue in order to ascertain the clear bias with the local units which are already under tremendous pressure and at the verge of collapse.
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