Published On: Sat, Jul 8th, 2017

Jammu and Kashmir joins Goods and Services Tax regime

 Amidst mounting tension across the valley, Jammu and Kashmir has decided to join the Goods and Services Tax regime as the state assembly has passed the bill regarding the GST which offers protection to the special status bestowed on them by the Indian Constitution. When the ruling party of J&K, which is the partner of the NDA front, has tabled the bill, the house has witnessed a terrible pandemonium. Notably, the ruling front led by J&K Chief Minister Mehbooba Mufti has managed to sail perfectly through the disturbance in order to clear the bill. Meanwhile, the opposition parties, such as the National Conference and Congress party, have expressed reservation over the state government’s plan to join the GST regime. When the National Conference has boycotted the assembly session in order to express their protest, the Congress party has staged a walkout. Noteworthy, the J&K CM has highlighted it as one of the biggest achievements of her government. She has used the opportunity to thank the Indian Prime Minister, Narendra Modi, and Finance Minister, Arun Jaitely. The bill inscribes a new clause under the Article 246: the Article 246A (1). The new clause stipulates the J&K legislature shall have the power to create laws on the Goods and Services tax levied by the state and the parliament has the authority to formulate laws on those Goods and Services tax levied by the central government.

Vignesh

Photo Courtesy : Google/ images are subject to copyright

 

 

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Jammu and Kashmir joins Goods and Services Tax regime