Kavinder Gupta says implementation of GST in J&K 'historic step'

Kavinder Gupta says implementation of GST in J&K 'historic step'

Ha said that the Assembly which was in session from July 4 to July 7 took the decisions on GST based on the aspirations of people of the state in general and trading community in particular.

Terming the implementation of Goods and Services Tax (GST) in the State as a historic step, Speaker, Jammu and Kashmir Legislative Assembly, Kavinder Gupta today said that this would definitely benefit the consumers as well as the trading community of the state.

He, according to an official spokesperson, said the trading community will not have to go through complex tax structure as they have got a unified tax regime in the form of GST comprising of previous 17 indirect taxes which were collected by different agencies under the old structure.

Ha said that the Assembly which was in session from July 4 to July 7 took the decisions on GST based on the aspirations of people of the state in general and trading community in particular. During the course of special session of J&K Legislature, the Goods and Services Tax Bill was passed on receiving Presidential order safeguarding special constitutional status of the state, he added.