Jammu & Kashmir govt to roll out Goods and Services Tax tonight

The Goods and Services Tax (GST) is being rolled out in Jammu and Kashmir on Friday after the state legislature passed the state GST amid boycott from the opposition parties.Finance Minister Haseeb Drabu tabled the presidential order in the Legislative Assembly to pave way for passing of the SGST Bill. After the ruling PDP-BJP members voted for the Bill and it was subsequently passed by the Speaker, the Finance Minister announced that the GST would be rolled out on Friday midnight.

The GST has three models—Integrated GST (IGST), Central GST (CGST) and SGST. The SGST is subservient to the IGST and CGST, which were implemented in the state after a Presidential Order approved the extension of the 101st Amendment to the Constitution to J&K.

Through the 101st amendment the GST came into effect in the country except J&K, because of its special status. However, to extend the 101st amendment to J&K, it needed to recommend for its extension to President Pranab Mukherjee, who on Friday approved it.

The PDP-BJP government had passed a resolution on Wednesday in the assembly after which the state cabinet under the chairmanship of Chief Minister Mehbooba Mufti cleared a draft order for the President’s concurrence.The GST was rolled out in the rest of the country on July 1.The Goods and Services Tax (GST) is being rolled out in Jammu and Kashmir on Friday after the state legislature passed the state GST amid boycott from the opposition parties.

Finance Minister Haseeb Drabu tabled the presidential order in the Legislative Assembly to pave way for passing of the SGST Bill. After the ruling PDP-BJP members voted for the Bill and it was subsequently passed by the Speaker, the Finance Minister announced that the GST would be rolled out on Friday midnight.

The GST has three models—Integrated GST (IGST), Central GST (CGST) and SGST. The SGST is subservient to the IGST and CGST, which were implemented in the state after a Presidential Order approved the extension of the 101st Amendment to the Constitution to J&K. Through the 101st amendment the GST came into effect in the country except J&K, because of its special status.

However, to extend the 101st amendment to J&K, it needed to recommend for its extension to President Pranab Mukherjee, who on Friday approved it.  The PDP-BJP government had passed a resolution on Wednesday in the assembly after which the state cabinet under the chairmanship of Chief Minister Mehbooba Mufti cleared a draft order for the President’s concurrence. The GST was rolled out in the rest of the country on July 1.