Asks District Administrations to assist traders in registering for new tax regime
Srinagar: Reiterating that Goods and Services Tax (GST) is an essential business requirement rather than just a taxation system, Minister for Finance, Haseeb Drabu on Thursday asked the District Administrations to assist local traders to register for GST at the earliest, especially in view of the upcoming festive season.
The Minister said this while chairing a meeting convened to review the progress made with regards to bringing the traders under the ambit of GST in the state.
Noting that upcoming festive season is the prime retail time for local dry fruit traders, Drabu said that traders will require their GST registration numbers to be able to trade in national and international markets. In view of this, he directed the DCs to organize awareness cum training programmes to educate local traders, besides encouraging them to register for GST at the earliest.
Drabu directed the Commercial Taxes department to focus on GST return filing and asked them to act as enablers and advisors in the field to facilitate filing of returns. Further, it was directed to train CSC/ Khidmat Center staff in GST filing procedure to facilitate local dealers.
It was informed in the meeting that delays in filing of returns will invite a penalty of Rs 100 per day.
The meeting also reviewed the status of PFMS implementation in the state. District Administrations were directed to ensure cent percent migration to PFMS for all centrally sponsored schemes by the end of October.
It was further informed that lack of action and compliance regarding this direction will lead to restrictions in fund flow.
