The businessman from the city of Jammu asked for the due date deadline extension for the income tax filing as well as for the goods and services tax return filing.
The reason behind the extension given by the Chamber of Traders Federation(CTF) was the suspension of internet services across the state which made the return filing delayed.
The Chamber of Traders Federation (CTF) sent a letter to the Union Finance Minister Nirmala Sitharaman in which it said, We demand an extension of dates for filing of income tax and GST returns in view of the peculiar ongoing situation in Jammu and Kashmir following the abrogation of Article 370.”
The association also added that there is some impact after the abrogation of 370 on both income tax and goods and services return, which needs to be further analyzed and studied.
There was a lot of hue and cry when the article 370 was abolished recently but the association praised the trader’s community to perfectly balancing the situations.
Read Also: Revoked Article 370 Impact on Income Tax & GST in Jammu & Kashmir
It also added, “We hope that the government would provide necessary relief to augment trade once the situation becomes congenial.” In the meantime, the state government is preparing itself as per the news laws.