Goods and Services Tax – GST – Dated:- 1-7-2017 – New Delhi, Jun 30 (PTI) Jammu and Kashmir, the only state which failed to meet the June 30 timeline for the GST rollout, is likely to clear the legislation on the indirect tax regime by July 6, its Finance Minister Haseeb Drabu said here today. Union Finance Minister Arun Jaitley had on Monday written a letter to Chief Minister Mehbooba Mufti, saying that failure of the state to implement the GST would lead to adverse impact of price rise and put the local industry at a disadvantage. Jammu and Kashmir is the only state which has not taken a call yet on the implementation of the new tax regime which came into force in the country from midnight tonight. Jammu and Kashmir (assembly) is likely
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aos in the state with the inter-state trade vis- a-vis J&K taking a big hit, an official spokesman said here. A few days back, Drabu had said the Mehbooba Mufti government is genuinely interested in building a consensus because the GST is a regime that would last for the next 30-40 years. We will take a final call on the GST implementation once we get the full sense of the all-party meeting. I do not want to preempt anybody. Let us understand what their views are, he had said. Drabu said the state government has reached out to the opposition parties of the state and sent them all the relevant documents. He said a perception has been created that the GST would impact the special status and the fiscal autonomy of the state, but there is n
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d yesterday that it was not against the implementation of the GST in the state, nearly two weeks after terming it as unacceptable . The party accused the government for the current chaos, confusion and uncertainty and said a proper mode should be adopted for implementation of the GST in the state in view of its special status. As far as the Congress is concerned, it has never been against implementation of GST, which is its brain child. But it is the government which had to adopt the proper mode and manner of implementation of the same in J&K, state Congress Committee spokesperson Ravinder Sharma said here today. A statement issued after a meeting of the JKPCC executive panel here under the chairmanship of party unit chief G A Mir said,
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