Jammu & Kashmir passes the historic GST Bill in assembly

The violent tussle amidst the Jammu & Kashmir parliamentary session over GST reaped fortunate results as J&K passed the GST bill onWednesday, thereby ceasing all negotiations between the opposition.

Passage of GST mirrors the victory of the people of J&K

Assembly Speaker Kavindra Gupta condemned the insinuating verbal conversations between the opposition and the incumbent governments of J&K. The apparent tendency of resorting to physical violence is as unparliamentary. directed the intimidating words and discussions witnessed over the last couple of days in the House.

Owing to the special status of J&K, it was excluded from the normal GST rollout on July 1. In other words, the Indian government’s intention of GST rollout on July 1 was not thwarted by J&K’s dissent to pass the GST bill as special status is given to J&K under Article 370 of the Constitution.

In the wake of GST rollout in J&K Assembly

Post the passage of GST proposal in the Jammu and Kashmir Assembly yesterday. As a part of the protocol, the government will now send a recommendation to the governor. The recommendation will ensure seamless implementation of the new tax regime.

Why are all businessmen and traders happy with GST implementation in J&K?

As known, GST will replace all indirect taxes prevalent and imposed in the J&K area. Had J7K not adopted GST, it would have been conveerted into big losses for the traders and businessmen of the state. Goods imported from different states would have been priced higher than in other states who were GST-compliant. Not only this, exporters would have also faced trouble sans GST, as the cost of exporting would have risen.

Union Finance Minister had written an official letter to chief minister Mehbooba Mufti Sayeed in connection with GST on June 26. FM Jaitley urged Mehbooba to pass GST, post which J&K hosted the 14th meeting of the GST Council.

The new tax regime shall be applicable from July 6 after the President’s order.



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