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Traders caution J&K Govt on GST implementation

| | Srinagar

As India gears up to roll out biggest tax reform since the Independence on July 1, the main Opposition in Jammu & Kashmir National Conference (NC) on Friday asked the State Government to come clear on the implementation of GST regime without compromising its autonomous fiscal status vis-à-vis tax structure.

Alleging that the State Government did not discuss one tax regime with the stakeholders, the business community of Kashmir has cautioned the State Government against implementation of GST stating that they won’t allow infringement of the State’s special status.

The J&K Government is introducing its own GST Bill in a special session of the legislature in view of its special constitutional position to enact GST law.

Meanwhile, Union Finance Minister Arun Jaitley assured the State Government that the Centre would extend all possible help in restructuring the GST implementation for Jammu & Kashmir while respecting the special status of the State.

“Jammu & Kashmir Assembly has the complete right to implement GST in the State. Those who are opposing implementation of GST are actually against the people because consumers of the State have to give double tax. First, they have to give tax on inputs and then on final products because if GST is not implemented here then they won’t get the input credit,” Jaitley said.

Jaitley, who is also Defence Minister, refused to make distinction between terrorists of local and foreign origin and said the people who resort to violence will be taken into account for their activities.

“Terrorism and militancy are aimed against the Indian State and its sovereignty, and also against the people of Jammu and Kashmir. The effect of their actions is that besides security personnel, local citizens are also losing their lives. And those who take to violence of this magnitude will certainly be accountable for their actions.”

He said that during his visit to the Line of Control he found the enthusiasm and preparedness of troops laudable. “The troops are fully confident to deal with any situation effectively,” he said.

He reiterated that the Government of India would not engage in dialogue (with separatists) until the situation in Kashmir returns to normalcy.

On alleged involvement of a separatist leader in hawala transactions, as reported by a TV channel claiming a sting operation, Jaitley said that the operation has only confirmed that the separatists are being funded by Pakistan and they instigate violence, target schools and hospitals and back violence. He said the agencies concerned would take cognisance of the issue and initiate relevant action.

 
 
 

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