Delegation meets guv for incorporation of safeguards through GST Act

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JAMMU: A delegation on behalf of trade and service sector of Ladakh led by Minister for Cooperatives and Ladakh Affairs, Chering Dorjay met Governor N N Vohra at the Raj Bhavan and apprised him about the socio-economic problems faced by the people of Ladakh.
The delegation requested incorporation of necessary safeguards through the GST Act such as reducing GST rates on all supplies and goods & services to the Ladakh region be put under the minimum tax slab of 5%, with complete Input Tax Credit; increasing GST exemption for the Scheduled Tribe residents of Ladakh to a minimum of Rs. 40 lakh turnover; all goods and services supply in Ladakh region be made eligible for composition levy scheme upto a turnover of Rs. 1.5 crore; e-filing by residents of Ladakh during the lay-off period of 6-7 months be exempted; removal of Upshi Check Post; and continue exemption to Hotel and Travel Trade services under the SGST tax, an official handout read.
Further the delegation requested that services sector be brought within the ambit of the “Jammu and Kashmir Reimbursement of Taxes for promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir”.
Governor advised the delegation to have an early meeting with Finance Minister Haseeb A Drabu, before the matter was mooted to the government of India.

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