Addressing senior functionaries of the party at Sher-e- Kashmir Bhavan here, NC President Devender Singh Rana assailed the PDP-BJP government for giving exit window to chronic tax- evaders as also to those of the liquor trade who have evaded tax from 2006 to 2015, citing public interest.
"We demand rollback of recent notifications pertaining to amnesty in General Sales Tax (GST), wherein the likely waiver would be more than Rs 1,000 crore as per estimates projected by the government," he said.
Taking a dig at the BJP and its ally PDP for indulging in sheer hypocrisy, Rana wondered how could the Centre, the so-called claimant of bringing revolutionary reforms for the overall public good, could condone the brazen and anti-poor decision of its state government to benefit those fleecing the state-exchequer.
"While the decision is needed to be revoked forthwith, the Centre must seek an explanation from the state government as to what were the compelling circumstances or public interest involved in waiving of the tax of defaulters at a time when the state was passing through difficult phase," he said.
"The amnesty has been designed to bail-out few unscrupulous business houses, which evaded taxes till 2004- 2005 and the tax evaders in the liquor trade from 2006 till date because now the GST Act 1962 is applicable to those who are engaged with liquor trade," he said, while expressing anguish over the state being denied huge amounts due to the defaulters and interest and penalty accrued upon these.
"However, the unwarranted governmental intervention subverted the realisation process of dues and provided an umbrella to unscrupulous defaulters," he said, maintaining that the amnesty and waiver culture has hit the economy of the state.
He said even the Jammu and Kashmir High Court prevented them from waiving of the penalty and not the interest accrued on the evaded tax.
However, the government found it prudent to waive the penalty and the interest citing public interest, he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
