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J&K likely to clear GST by July 6

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 .....

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ey. In view of differences among the political parties, the state government had set up an all-party consultative group to find a common ground. The consultative group held its second meeting yesterday after which the government claimed that the parties were in agreement on extension of the new tax regime but with safeguards to protect the fiscal autonomy of the state. There was a general consensus in the meeting that non- implementation of the GST regime would trigger economic and financial cha .....

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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 no compromise on Article 370. The government is trying to build a consensus. This is a very fragile society. We are going through difficult times. ... the way things are happening around us, the way things have been dehumanized, anything can spark off. .....

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