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Drabu addresses Empowered Committee meet on (GST) |
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Written by JPNN |
entry tax, luxury tax and purchase tax on goods and services to ensure seamless transfer of goods and services. Dr Drabu argued at the meeting that if GST is implemented in its present form and shape in the State, J&K will lose its taxation autonomy. He said J&K is the only state in the country that has the power to tax services. “By virtue of its Sales Tax Act, J&K has the power to tax both goods and services. All other states in India have the power to tax only goods. Under GST regime, J&K will be surrendering the exclusive authority to tax goods and services,” he said.While all other states have ratified the constitutional amendment regarding GST, the Sub-Group would decide on its applicability to J&K as two earlier amendments – 46th and 88th – are also not applicable to J&K. The Union Finance Minister while concurring with Dr Drabu’s views, said that it is for the government of Jammu and Kashmir to decide the manner and the method on how GST would be applicable to the State, while safeguarding its own taxation powers. |
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