Srinagar: Finance minister Haseeb Drabu said on Wednesday that the government will hold a special session in the Legislative Assembly on June 17 to discuss the extension of Goods and Services Tax (GST) to the state.
Addressing a press conference here, Drabu said that many people had reservations about the GST and the government will discuss those issues.
“We will hold a broad discussion on GST in the Assembly on June 17,” Drabu said, flanked by information minister Zulfiqar Chowdhry
and government spokesman Nayeem Akhtar. He was speaking after the conclusion of a cabinet meeting chaired by Chief Minister
“We will discuss the constitutional, administrative and legal aspects of the GST in the Assembly,” he said.
He said the chief minister had approved the draft legislation on GST which would be introduced in the special session of the Assembly on June 17. He said the draft had laid out a roadmap for the implementation of GST in the state.
Trying to bury the doubts on the impact of GST on the political status of Kashmir, Drabu said that the GST will have no bearings or infringement upon Article 370. He said the Constitutional (Amendment) Act passed by Parliament is not applicable to the state of Jammu and Kashmir and it has been left to the state’s legislature to look into its various provisions and take decisions accordingly.
Giving reasons why GST was necessary for the state, Drabu said that businesses could not do without it.
“If we don’t extend GST to the state, no business can be properly done in JK as two taxes will be imposed in the state,” he said. “It will
make goods expensive and eventually the local businesses will have to bear the negative fallout.”
He claimed that by extending GST to the state, the government will gain Rs 60-70 crore additional revenue. Besides, he said, the government