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Jammu & Kashmir joins GST regime
07
Jul '17
Jammu and Kashmir has become the last state of the country to join the Goods and Services Tax (GST) rolled out from the 1st of this month. The state Legislative Assembly adopted the state GST Bill 2017 by a voice vote after opposition members boycotted the proceedings. The GST will come into effect in the state from midnight of July 7-July 8.

Prior to moving the bill in the state assembly, finance minister Haseeb Drabu read out the contents of the presidential order pertaining to the special status of the state and its exclusive taxation powers. “Notwithstanding anything contained in this order, the powers of the state of Jammu and Kashmir as per Section 5 of the Constitution of Jammu and Kashmir, shall remain intact,” Drabu said.

“The legislature of the state of Jammu and Kashmir shall have the powers to make laws with respect to goods and services tax levied by the state,” Drabu read from the excerpts of the order pertaining to the special status and exclusive taxation powers of the state.

The legislature of the state of Jammu and Kashmir shall have exclusive powers to make laws in respect of imposition of any taxes enabled by section 5 of the Constitution of Jammu and Kashmir, he added.

Notwithstanding anything contained in clause 4 to clause 11 for the purpose of any decision impinging on constitutional provisions relating to the state of Jammu and Kashmir, the concurrence of the representative of the state of Jammu and Kashmir in the GST Council shall be mandatory and the procedure provided under Article 370 shall be followed, the presidential order reads. (RKS)

Fibre2Fashion News Desk – India


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