Wednesday, December 6, 2023

Commercial Tax dept organizes workshop on �Self Assessment of Tax� for traders

Jamshedpur: Commercial Tax Department organized a workshop on �Self Assessment of Tax� at Chamber Bhavan, Bistupur, in collaboration with the Singhbhum Chamber of Commerce and Industry, on Thursday.

The workshop was attended by traders having an annual turnover below Rs 2 crore. Besides Chamber members, the participants also comprised representatives of different organizations including Jamshedpur Distributors Association, Jamshedpur Jewelers Association, Jamshedpur Chartered Accountants Society, Jamshedpur Chemists and Druggists Association and Jamshedpur Commercial Tax Bar Association.

The Commercial Tax department officials present at the workshop included Joint Commissioner of Commercial Tax, JP Toppa, deputy commissioner of Commercial Tax, Jamshedpur Circle, Pradip Kumar, deputy commissioner of Commercial Tax, Singhbhum Circle Prabhunath Hembram, deputy commissioner of Commercial Tax, Adityapur Circle, Dilip Mandal and deputy commissioner of Commercial Tax, Municipal Circle, Arjun Bakshi.

The traders were informed in detail about the procedure of self assessment of tax by the commercial tax authorities. They were told about the amendments made in Jharkhand Value Added Tax Act 2005. They were also informed that the last date for the period 2013-14, 2014-15 and 2015-16 has been fixed on 7th March this year.

The Chamber vice president pointed out that while for the traders, a deadline has been fixed for submitting applications, no such deadline was fixed for the tax authorities for the disposal of the same. He said the traders should be given a copy of the order after filing of applications.

Another trader Dilip Kumar sought clarifications regarding excess ITC. Former Chamber president Nirmal Kabra said the tax authorities should not put pressure on the traders for the payment of advance tax.

Murlidhar Kedia, also a former Chamber president, said the traders who had filed annual returns beyond last date should also be given benefits of the scheme.

The welcome speech was given by the Chamber vice president Manav Kedia while the proceedings were conducted by president Suresh Sonthalia. A vote of thanks was given by the Chamber general secretary Prabhakar Singh.

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