SRINAGAR: The Goods and Services Tax (GST) would not be implemented in the State from July 01 as a breakthrough eluded an all-party meeting convened by PDP-BJP coalition government on its implementation in Jammu and Kashmir.
As J&K missed the deadline, the state government maintained that it is in “consultations” to build a consensus for implementing the new tax regime.
“We have missed the deadline but we are in the process of consultations for building a consensus. We feel the wait is worth it,” senior minister and government spokesman Naeem Akhtar told PTI.
The state government convened an all-party meeting earlier this month in an effort to build a consensus on implementing GST in the state but its efforts were opposed by opposition parties like the National Conference as also the business community.
The opponents to the GST regime maintain that extending the new tax regime will take away the tax levying autonomy of the state, which in turn will erode its special status within the union of India.
Meanwhile, Jammu and Kashmir Legislative Assembly will meet for a special session on Monday to discuss the issue of implementing the GST in the state.
A special session of the Assembly was convened on June 17 for this purpose but the house was adjourned sine die as the all-party panel on GST had not submitted its report yet.
The panel met here yesterday as all the stakeholders stuck to their stand on the issue of GST.
Wait Till July 8: Govt Tells Jammu Traders
The State government has assured traders of Jammu region that the new tax regime would be implemented in the State by July 8.
Chief Minister Mehbooba Mufti and Finance Minister Haseeb Drabu assured us that the new tax regime in the state will be implemented by July 8, Jammu Chambers of Commerce and Industry (JCCI) President, Rakesh Gupta was quoted as saying by New Indian Express.
He said both the CM and the FM told them that special session of J&K Assembly would be convened from July 3-8 to discuss and deliberate GST implementation.
We were assured that the government will complete legal formalities on GST implementation till July 8, Gupta said.
He said goods cant be imported by traders from outside the state from July 1 due to non-implementation of GST in J&K as outside traders cant bill J&K traders without new tax regime in the state.
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