As Centre Rehearses GST Rollout, J&K to Take Final Call Today

MoS PMO Jitendra Singh

"The way ahead to harmonise GST in the State could be by extension of only such limbs of the Constitutional Amendment 101 to the State which are already applicable to J&K in one form or another with some other provisions of technical nature required for harmonization of our taxation structure with the new tax regime", Dr Drabu said.

He said that the existing tax regime had lacunae which allowed the possibility of evasion.

Jammu and Kashmir would take a final call on the implementation of the GST regime tomorrow at a crucial meeting of the all-party consultative group where the government would make another attempt to evolve a broader consensus over the issue. "However, keeping revenue neutrality in mind, the Government can not lower tax revenue by too much so that it doesn't itself have enough income to meet its needed expenditure".

Discussing various intricacies associated with GST, FM Jaitley explained how more efficient tax system will lead to increased compliance in the country.

GST was rolled-out on Friday midnight by Prime Minister Narendra Modi and President Pranab Mukherjee at the Central Hall of the Parliament.

Criticizing the state government for not showing any interest in the implementation of GST, Gupta said that as per the statement of Union Finance Minister Arun Jaitely State will have to face with double taxation system which will break the backbone of trading community.

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The earlier meeting of APCG on the issue could not yield any result after NC and Congress stayed away, alleging that they were not provided any draft proposal of GST by the Government.

Jaitley said the consumers are not complaining about Goods and Services Tax (GST) because the government has kept the rates at reasonable levels.

According to Rather, the state is constitutionally empowered to have its own law on GST for collection of taxes and their sharing with the Center.

J&K not joining the GST could have ramifications for the Centre too, which will lose powers to levy excise duty in the state as the Constitution (One Hundred and First Amendment) Act, 2016 comes into effect. Besides, it will also entail amending Section 5 of J&K Constitution which can't be done. "When the end consumers are ready to pay tax, why the traders are anxious?" he said. "Traders don't have to pay tax, consumers have to", he said.

"The government which blinks will never be able to bring reforms".

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