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Government to cancel VAT estimation notification issued in quantity, All Industries and Trade Forum wrote a letter to Captain

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Government to cancel VAT estimation notification issued in quantity, All Industries and Trade Forum wrote a letter to Captain

All Industries and Trade Forum

Government to cancel VAT estimation notification issued in quantity, All Industries and Trade Forum wrote a letter to Captain

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The All Industries and Trade Forum has written a letter to Chief Minister Captain Amarinder Singh saying that the State GST Department has fixed 54,769 cases useful Added Tax-VAT Assessment Year 2013-14 and

Notices are being sent to traders. These are completely illegal because the previous government had granted exemption of VAT cases up to Rs 1 crore from assessment, as a result, quite ninety percent of the assessee is out of its purview.

The State GST Department has fixed 54,769 cases useful Added Tax-VAT Assessment for the year 2013-14.
In the letter, Badish Jindal, head of the VAT assessment Notices to Ludhiana Traders forum, claimed that the SGST Department has issued notices to the 54769 entrepreneurs of the state for the assessment of the 2013-14 VAT cases. This has caused uneasiness among businessmen.

Ludhiana, JNN. The All Industries and Trade Forum has written a letter to Chief Minister Captain Amarinder Singh saying that the State GST Department has fixed 54,769 cases useful Added Tax-VAT Assessment Year 2013-14.

Notices are being sent to traders. These are completely illegal because the previous government had granted exemption of VAT cases up to Rs 1 crore from assessment, as a result, quite ninety percent of the assessee is out of its purview.

Forum head Badish Jindal has claimed within the letter that the SGST Department has issued notices to 54,769 entrepreneurs of the state for assessment of VAT cases for the year 2013-14. This has caused uneasiness among businessmen. 23,277 notices are issued in Ludhiana one, two, and three, 14,208 in Jalandhar, and 6249 in Amritsar. Aside from this, the department has also issued separate notices to 14,333 and 14,383 assessments.

Badish says that it’s been quite three years since VAT was abolished within the state. Surprisingly, notices are being sent to businessmen in seven-year-old cases.

Only businessmen are being harassed

According to Pradhan, there are around 1,30,000 VAT assessments within the state. It’s clear that notices are served to quite 60 percent of the businessmen. They believe that no standards were set for giving notice. This is often being done just for the aim of harassing the businessmen. this is often increasing resentment among the traders.

Department did not overcome bogus billing

On the opposite hand, the condition is that even after the imposition of GST, the department is failing to beat bogus billing. There are frequent cases of bogus billing. Jindal said that the then Minister of Excise and Taxation within the previous government had on 31 January 2015 issued orders to exempt VAT casings with a turnover of but one crore. This brought huge relief to the traders, but now the department has started issuing indiscriminate notices.

Badish says that consistent with the previous diary, the department has never received even five percent of the entire revenue through assessment. In such a situation, it seems that the department is decided to harass the businessmen. On the opposite hand, officials of the department have also put pressure on businessmen for assessment. Badish said that this type of action gives a shock to the convenience of Doing business. New investments within the state could also be affected.

He has asked CM Capt Amarinder Singh to order the SGST department to cancel the notice given to the businessmen. Assessment of businessmen should be done only in doubtful cases. this may provide an enormous relief to businessmen.

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