No Major Economic Activity After Abrogation Of Article 370 In J&K, Now Burden Of Property Tax: CCI Jammu

No major economic activity after abrogation of Article 370 in J&K, now burden of Property Tax: CCI Jammu

JAMMU, Feb 19: The Jammu Chamber of Commerce and Industry today strongly flayed the Government decision to impose Property tax in the UT of Jammu and Kashmir and demanded for reconsideration of the decision.

Addressing the Media Personnel , Chamber of Commerce and Industry President  Arun Gupta  said,  the  employment and business of People of this erstwhile State is badly affected by  post August 05, 2019 events especially  due to prolonged shut downs and restrictions imposed by the Government. No major  economic activity has taken place after the abrogation of Article 370 and 35 A. The State which is flooded with the unemployed youths and have limited resources and opportunities for economic activities has been burdened with one more tax to plunge into the   deep economic crisis.

He said, After the spread of Pandemic Covid-19, the businesses are shut and people are left jobless, many states are considering to come to the rescue of people by exempting and reducing the existing taxes already in force. But on contrary the Government of J&K is imposing tax after tax to further weaken the people economically.  The time when people are struggling to meet both ends needs, imposition of property tax  is grave injustice and illogical.

The Chamber President reiterated that the time is not opportune to impose such taxes in a State which is economically, geographically and politically sensitive. The people are looking forward for a relief and tax holiday for business and trade at this time of distress but initiation of such decisions will further aggravate the already worsen economy of J&K.

Arun Gupta added that the continuance of barrier at Lakhanpur Gateway  has added to the vows of General public and passengers coming from the different places of India. People and Vehicles are made to stand in long queues for hours to get the clearance. Such practice should be immediately stopped to allow free passage to passengers and vehicles to and fro the UT. 

The other Office bearers present in the Press Conference include Anil Gupta, Sr. Vice President, Gaurav Gupta, Secretary General,  Rajesh Gupta, Secretary and  Rajesh Gupta, Treasurer.

 

 

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