Business Chhattisgarh COVID-19

Chief Minister Bhupesh Baghel writes a letter to Union Finance Minister Sitharaman

Baghel conveys the grievances of small and medium businessmen in ‘containment zone’ Chhattisgarh, demands relief

Due date for filing various kinds of returns in April and May should be postponed for two months, requested Chief Minister

Grant a moratorium period of at least 3 months for payment of principal and interest installments against the loan taken for business operation, demands Chief Minister

Raipur, 3 May 2021

Chief Minister Bhupesh Baghel has written a letter to Union Finance Minister Mrs. Nirmala Sitharaman, with a request to grant relief for the small and medium businessmen of Chhattisgarh, considering their problems due to the state being a ‘containment zone’. On request of Chhattisgarh Chamber of Commerce and Industries, Chief Minister Mr. Baghel has demanded Union Minister to postpone the due date of filing various kinds of returns in April and May for two months. In addition, Mr. Baghel has also requested Union Minister to consider the extension of deadline for principal and interest installments against business loan by at least three months.
As a final and effective measure to contain the second and more fatal wave of COVID pandemic in Chhattisgarh, all the district of the state including Raipur have been declared as containment zones from April 9 to May 6 morning. Subsequently, the economic and business activities have been withheld in the state. As a result, small and medium category businessmen of the state are facing financial crisis. Chhattisgarh Chamber of Commerce and Industries has demanded certain immediate relief to help them overcome this crisis.
Mr. Baghel has stated in the letter that as April is the first month of the financial year 2021-22, due date for obligations under TDS and And TDS Act is scheduled in this month. However, the economic activities in the state has been suspended for COVID-19 containment, because of which the businessmen are finding it difficult to tally their accounts and file returns in the given time period before the due date. The employees in their offices, establishments such as accountants, data entry operators, management staff etc are either home-isolated or in hospital due to COVID infection. Likewise, various advisors of the businessmen such as Chartered Accountant, Company Secretary, Tax Advisor etc are also suffering from COVID-19 and unable to provide their services. Considering the aforementioned situation, Chamber has requested for postponement of the last dates to file various returns by two months.
Chief Minister has mentioned that cash flow of business and industries in the state has got adversely affected due to the suspension of economic and business activities in the state at present. Hence, considering the time it may take for the current situation to improve, businessmen are having extremely tough time returning the principal and interest amount against the business loans taken from various banks and financial institutions. Chamber has demanded for moratorium period of at least three months to pay the installments of principal amount and the interest against the business loans.
State Government completely agrees with both the demands of Chhattisgarh Chamber of Commerce and both the subjects are related to the jurisdiction of your ministry, stated Chief Minister in the letter. He requested the Union Minister to sympathetically consider the problems of small and medium businessmen of the state in this critical time of disaster, and take urgent positive steps on these justified demands. These measures would prove quite helpful in providing the desired relief to the businessmen of the state in the current financial year.

About the author

Mazhar Iqbal

Indian Journalist Association
https://www.facebook.com/IndianJournalistAssociation/

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