
Calls for implementation of SARFAESI Act, & representation in civic bodies
DIMAPUR, SEPTEMBER 9 (MExN): The Confederation of Nagaland Chamber of Commerce and Industry (CNCCI) today urged the Nagaland State Government to resolve the issue of multiple taxation by Naga Political Groups and government agencies.
In a representation to the Chief Secretary, the CNCCI also called for the immediate implementation of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act; and reserved nominee representation on civic bodies.
The CNCCI said that multiple taxation by the NPGs and the various taxes imposed by government agencies, including the Municipal Council and Town Council in the form of item tax have burdened the business community. “It has become difficult to engage in any meaningful business activities,” the confederation stated.
It rued that despite the issue being flagged to the government on many occasions, “the government seems in no mood to address the issue with seriousness.”
It therefore demanded that the government immediately address the issue of multiple taxation. It meanwhile reminded that item tax/fee collected on items that come under the GST regime by various municipal and town councils should be immediately stopped, as GST has subsumed all other taxes under ‘One Nation One Tax.’ It further demanded that various other taxes levied at various gates by government agencies and departments which fall under GST regime should be immediately stopped.
Meanwhile, acknowledging the government for tabling the SARFAESI Act in the last winter Assembly session and forming a committee, the CNCCI however expressed disappointment that the Act was not passed during the monsoon session.
It stated that banks have stopped giving fresh loans or fresh enhancement even on cadastral land despite the government’s order dated May 12, 2021. It demanded that a special Assembly session be called and the SARFAESI Act be implemented immediately.
Further the CNCCI proposed reserved nominee representation of business and trade bodies in all the municipal, town and ad-hoc town councils across Nagaland.
Considering that the business community bears a large portion of the financial revenue for civic bodies, the CNCCI stated that all decisions taken in respect to business related activities are made without the representation of the stakeholders from the business community.