Rs 7.11 Cr VAT Recovered on IT Goods this year: Rather

0Shares

Srinagar – Minister for Finance, . Abdul Rahim Rather today informed the House that Rs. 7.11 crore were recovered as VAT by the Commercial Taxes department on IT related goods during 2011-12. He said as per SRO-122 of 2012 IT related items have been incorporated as non-taxable items.  

Replying to question by . Mohammad Ashraf Mir, the Minister said that there is set procedure in vogue for verifying the functional status for all the industrial units, including IT related units with the Industries and Commerce department. 

Replying to another question on behalf of Chief Minister in reply to a question by Haji Ali Mohammad Bhat, the Minister informed the House that the proposal for creation of new educational zone for Wakoora block is under consideration in the Education department. 

The Minister said that presently offices of Block Developmental Officer and Agriculture Extension officer have been established at Wakoora.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS


Observer News Service

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS