JAMMU, Sept. 11 -- A meeting of Association of Industries (Regd.) Gangyal was held today under the chairmanship of its president Sh. Virendra Jain and attended by all the office bearers. AOI is compelled to bring to the attention of the Principal Secretary, Finance, the dire situation faced by industries in Jammu & Kashmir due to the non-release of STATE GOODS AND SERVICES TAX (SGST) claims and TURNOVER INCENTIVES which were promised, declared and much publicized by the Govt.
Despite significant contribution to the local economy and maintaining a level playing field by passing on benefits to the market Govt. is not releasing the funds to the industry. The industry is facing an unprecedented crises. The pending SGST claims for the last four...