Extend C-form submission date by 6 months: MSMEs
Tribune News Service
Jalandhar, August 27
With the last date approaching for the submission of C-form, the industrialists in the district are seeking relief of six months from the state government.
Owing to the Covid crisis, the industrialists, mostly belonging to the Micro, Small and Medium Enterprises (MSMEs) sector are reportedly reeling under heavy losses, hence aren’t in a position to clear their dues as per rules and regulations under the C-form.
Notably, with regard to the submission of statutory forms under the Central Sales Tax, 1956/Central Sales Tax (Registration and Turnover) rules 1957, for the assessment years 2013-14 and 2016-17, last month the State Excise and Taxation Department had issued a notification for the submission of forms. Earlier, the last date to submit the forms was August 17, which has been extended to September 1.
Vikrant Sharma, who owns a private printing unit at the Central Town, said, “It was completely unacceptable by the hundreds of MSMEs to submit the C-form dues. Since the imposition of lockdown, the industrialists are suffering huge losses. Moreover, after the migration of labourers to their native states, the production has drastically reduced and we have no idea when it would be back on tracks. The MSME sector is not in a position to pay any interest or penalty. Besides, due to the virus spread throughout the country, traders from other states are unable to dispatch their C-forms. Therefore, we are requesting the government to kindly extend the deadline for submission of forms by six months”.
The industrialists also claimed that the government was forcing them for the clearance of C-forms so as to reconcile it with the ‘Value Added Tax’ (VAT) refunds. When the industrialists are in a dire need of their VAT funds the government has raised the C-form issue, which was under the carpet from the past three years.
A construction company owner said we still have to incur all our expenses despite the unavailability of funds. Hence, the government should not bind us for submitting the forms.
Traders submit memorandum
The traders under the banner of Laghu Udyog Bharti submitted a memorandum to the state government and requested to extend the C-form deposit deadline till March 31, 2021. They also appealed the government to waive interest and penalties.
