Governor admin opts enhancing threshold, composition limit under GST

Governor admin opts enhancing threshold, composition limit under GST

NEW DELHI: J&K Governor’s administration has decided to enhance threshold, composition limit under GST as proposed by the GST Council in its 32nd meeting held here on Thursday. The 32nd GST Council meeting was held under the chairmanship of Finance Minister Arun Jaitley. The State of Jammu and Kashmir was represented by Advisor to Governor, […]

‘Double taxation’ continues in J&K even after GST

‘Double taxation’ continues in J&K even after GST

SRINAGAR: Nearly one-and-a-half year after the Goods and Services Tax (GST) was implemented in Jammu and Kashmir, the state government continues to levy indirect taxes which were supposed to cease as part of the GST reform to remove double taxation. The indirect taxes include toll, electricity duty, passenger tax, and entertainment tax. If these taxes […]

J&K witness substantial increase in GST returns: State Tax dept

JAMMU: The State Tax department Friday said that filing of returns under GST has recorded a substantial increase in the state following stepped up enforcement measures. As per an official handout, the department has been conducting regular checking of records as well as e-way bills at various places in the state to prevent large-scale tax […]

Another blow to Mehbooba: Haseeb Drabu quits party

Another blow to Mehbooba: Haseeb Drabu quits party

Srinagar: In a setback to the PDP, its senior leader and former finance minister Haseeb Drabu on Thursday announced he was resigning from the party. It is not known yet whether his resignation has been accepted by PDP president Mehbooba Mufti. In a letter addressed to Mehbooba Mufti, Drabu said he was not a “dissident” […]

GST amnesty extended by 30 days

GST amnesty extended by 30 days

SRINAGAR: Much to the relief of businessmen, traders and industrialists of the state, Advisor to Governor B. B. Vyas Thursday ordered extension of GST amnesty scheme by 30 days. The decision was taken by the Advisor during a meeting with the representatives of the Kashmir Chamber of Commerce and Industry (KCCI). The trade body had […]

Government has raised tax burden on common man: Chidambaram

Government has raised tax burden on common man: Chidambaram

New Delhi: Former Finance minister P Chidambaram today attacked the government on the first anniversary of the GST regime, claiming it had raised the tax burden on the common man and become a “bad word” among the people. “The design, structure, infrastructure backbone, rate or rates and implementation of the GST (Goods and Services Tax) […]

FM chairs meeting to review refund of GST

FM chairs meeting to review refund of GST

SRINAGAR: To review the refund process of GST, Minister for Finance, Labour and Employment Syed Mohammad Altaf Bukhari on Thursday chaired a meeting here. The meeting was attended by Principal Secretary Finance, Naveen Kumar Chaudhary, President Federation of Chamber of Industries Kashmir (FCIK), Mohammad Ashraf Mir, FCIJ Lalit Mahajan and other representatives of business fraternity. […]

PDP-BJP govt neglected all three regions of JK: Omar

PDP-BJP govt neglected all three regions of JK: Omar

‘GST extension to J&K has dealt a severe blow to state’s economy’ SRINAGAR: National Conference (NC) working president Omar Abdullah on Wednesday said the PDP-BJP government had neglected the economic and administrative needs of all the three regions of Jammu and Kashmir and plunged the state into a dark period of political uncertainty and instability. […]

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