Government defers GST implementation

Government defers GST implementation

SRINAGAR: Jammu and Kashmir Government is likely to defer the implementation of Goods and Services (GST) Tax on July 1, the day when the law will come in effect across India.
“The government would not impose GST law in J&K if people do not want it. We want people to feel easy. We will not rush as it took twelve long years to form GST law (in India),” Naeem Akhtar, the government spokesperson told reporters after the legislature was adjourned sine die on Saturday.
The government has struggled to extend the law to Jammu and Kashmir as business community, opposition and pro-freedom groups have opposed it tooth and nail. Government attempts to get them on board failed too as it could not convince them how its implementation will safeguard the state’s fiscal autonomy.
Post all-party meeting held earlier this week, finance minister Haseeb Drabu told Kashmir Reader that the state is set to implement the law by July 1.
“After multiple apprehensions came forth ahead of the special session of the legislature from trade community, consumers as well as political parties, the government decided to further deliberate on the issue to ensure ample safeguards are put in place to clear the public misgivings,” Naeem said. “Government will not push for GST implementation in JK till the time there is complete consensus on the issue,” he added.
Government has also constituted all party panel that will recommend a road map for GST implementation in state.
Asked how Jammu and Kashmir will counter the loss in case the law was not implemented in the state by July 1, Naeem said, “Let see how it can be done.”
GST is a law that has struggled for more than decade to come into force, before it was passed by the Indian parliament last year. Considered to be a biggest tax reform in India since its Independence, the law will replace all other forms of taxes like central excise, VAT, entertainment tax, entry tax, and luxary tax.

 

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