Total Pageviews

Thursday, July 6, 2017

Goods and Service Tax(GST) - President Pranab Mukherjee Gives Nod to Order on GST in Jammu and Kashmir Friday July 07,2017

President Pranab Mukherjee on Friday July 07,2017 gave nod to an order pertaining to implementation of the Goods and Services Tax regime in Jammu and Kashmir, clearing decks for the state assembly for enacting a State GST law.

The PDP-BJP government had passed a resolution on Wednesday July 05,2017 in the assembly after which the state cabinet under the chairmanship of Chief Minister Mehbooba Mufti cleared a draft order for concurrence of the President.

Jammu and Kashmir is the only state which is yet to implement the GST which was rolled out in rest of the country on July 1.

The presidential order, which was concurred by state Governor N N Vohra, relates to the application of certain provisions of the Constitution of India through an order of the President issued under Article 370 that gives special status to the state.

State's Finance Minister Haseeb Drabu had said on Thursday July 06,2017 that after the Presidential Order is received, the government will take it to the Assembly for enacting a SGST (state goods and services tax) bill.

No comments:

Post a Comment