>>     >>   Arun Jaitley assures help for restructuring GST for J&K in sync with special status

Arun Jaitley assures help for restructuring GST for J&K in sync with special status

The Jammu and Kashmir government will be provided all possible help in restructuring the GST rollout for the state while respecting its special status under Article 370 of the Constitution, Union Finance Minister Arun Jaitley said on Thursday.


By   |  Updated On : May 18, 2017 04:10 PM
A file photo of Union Finance Minister Arun Jaitley

A file photo of Union Finance Minister Arun Jaitley

Srinagar :  

The Jammu and Kashmir government will be provided all possible help in restructuring the GST rollout for the state while respecting its special status under Article 370 of the Constitution, Union Finance Minister Arun Jaitley said on Thursday.

Jaitley promised that the Centre will do all it can in restructuring the GST implementation for Jammu and Kashmir keeping in mind the special status of the state, an official spokesman said.

The meeting of the GST Council, headed by Jaitley and consisting of state finance ministers, kicked off on Thursday. As soon as the meeting got under way, Jaitley informed the gathering the demise of Union Environment Minister Anil Dave, the spokesman said. The session observed silence for two minutes in his remembrance.

Also Read: GST will have economy-wide ramifications on States: RBI

He complimented the state Finance Minister Haseeb Drabu for helping organise the final leg of the GST Council meet before the law kicks in from July 1 this year. Drabu said the historic meeting will make Jammu and Kashmir part of the economic history aimed at reordering the country's federal policy.

"We are now part of the national policy-making which will be recorded in history," he added. The meeting will last for two days during which the participants will decide on tax bands for various commodities under the country's first major indirect tax reform.

Also Read: GST to be a game changer for media, broadcasting sector: Venkaiah Naidu

First Published: Thursday, May 18, 2017 03:58 PM



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