The Goods and Services Tax has had a “negative” effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Centre should reconsider the indirect tax regime on tourism-related activities in the northern state. The Committee on Development of Tourism in Jammu and Kashmir, in its report, said according to the stakeholders, … Read more
Legislative Assembly yesterday adopted a resolution for implementing Goods and Services Tax (GST) regime in Jammu and Kashmir through a Presidential order calling on the Centre to safeguard the special status and exclusive taxation powers of the State. Before this, Shri Ram Sena, asked business community from Jammu to shun all trade with Kashmir. This … Read more
State lawmakers will pass GST regime in state soon and after GST rollout in the state there will be requirement of GST-trained professionals in Jammu and Kashmir. Though the complexities of this new tax regime have baffled many, it is seen as an opportunity for job creation in new sector by a few. Union Minister … Read more
Jammu region, Kashmir Valley sharply divided over implementation of Goods and Services Tax in the state. Traders, industrialists and businessmen in the Jammu region have unequivocally supported the implementation of the GST to bring the state in line with the rest of the country whereas the Valley’s representatives of the local chamber of commerce and industry … Read more
As the State Cabinet headed by Chief Minister Mehbooba Mufti yesterday approved draft legislation on Goods and Services Tax (GST) in a detailed presentation Finance Minister Dr Haseeb Drabu informed the Cabinet that only the relevant provisions of the 101st Constitutional Amendment Act will be presented before the State Legislature for ratification. He further apprised … Read more
The historic Goods and Services Tax (GST) regime yesterday came a step closer to meet its July 1 target of rollout, with the State Cabinet headed by Chief Minister Mehbooba Mufti yesterday approved draft legislation on Goods and Services Tax (GST), the Act will be debated in both Houses of the Legislature, whose Special Session … Read more