Chief Minister, Mehbooba Mufti has welcomed the extension in tax exemption announced today by the Centre for the industries in Jammu and Kashmir.
The Chief Minister said the extension in tax exemption would go a long way in promoting industrial growth and economic development in the State.
The extension in tax exemption for industries in J&K and other hilly states till March 2027 was announced by the Union Finance Minister, Arun Jaitley today after the decision was approved by the Union Cabinet which met in New Delhi this morning under the chairmanship of Prime Minister Narendra Modi.
Mehbooba specially thanked the Prime Minister Narendra Modi and the Union Finance Minister, Arun Jaitley for having taken personal and keen interest in ensuring continuation of tax exemption to the industries in Jammu and Kashmir for another 10 years.
Meanwhile, Minister for Finance Dr Haseeb Drabu has also welcomed the extension in tax exemption for the industries in Jammu and Kashmir, which he said would be paid as a refund under the present Goods and Services Tax (GST) regime.