JK to finalize report on GST soon
CSC meet on proposed tax regime remains inconclusive
GK NEWS NETWORK
Jammu, Feb 3: To finalize state’s response to the proposed central legislation on Goods and Services Tax (GST) regime, a meeting of the Cabinet-Sub-Committee (CSC) headed by Minister for Finance & Ladakh Affairs, Abdul Rahim Rather was held here yesterday afternoon.
The meeting discussed in detail the proposed legislation. “However, the meeting remained inconclusive and the issue would be discussed in another meeting of the CSC next week to finalize its report which will be placed before the Cabinet,” an official statement said.
Minister for PHE, Irrigation & Flood Control, Taj Moh-ud-din and Minister for Health & Horticulture, Sham Lal Sharma, who are members of the CSC, attended the meeting.
Principal Secretary, Finance Department, M I Khandy, Law Secretary, G H Tantray and Commissioner Commercial Taxes, Gaznafer Hussain were also present in the meeting.
The CSC constituted a sub group to analyse the pros and cons of the GST regime.
The sub group will comprise J&K Law Secretary, Advocate General J&K, Senior Additional Advocate General and Commissioner Commercial Taxes.
Speaking on the occasion, Rather made it clear that the proposed GST regime, which envisages to subsume all other taxes like excise duties, additional duties of Excise, sales tax, VAT and Central Sales Tax into a uniform tax structure, will be considered for introduction within the special constitutional guarantees available to the State viz-a-viz the Constitution of India.
Lastupdate on : Fri, 3 Feb 2012 21:30:00 Makkah time
Lastupdate on : Fri, 3 Feb 2012 18:30:00 GMT
Lastupdate on : Sat, 4 Feb 2012 00:00:00 IST
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