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Jammu and Kashmir Government Sets Up High-level Panel For GST

JK High Level Panel for GST

The case related to GST would be subjected to every state which India occupies in its reign, and the J&K is not untouched from this. As the state has subjected GST and also Jammu and Kashmir government has shaped an higher state board of trustees to investigate the issues, including the drafting of enactment, relating to joining the Centre’s proposed Goods and Services Tax (GST) and requested that the board present must report in three months.

An order being passed by the officials said that “In supersession of all previous orders on the subject, the sanction is hereby accorded to the constitution of a High Powered Committee… for drafting the legislation with regard to joining the proposed Goods and Services Tax in India and its extension to Jammu and Kashmir state (proposed Constitutional Amendment Bill).”

The Committee, which might be overhauled by Finance Department, has been requested to present its report with a time period of three months. The advisory group was shaped on December 7, 2016, and has a whole time period up to March 6, 2017, to showcase its report. The order which mentioned that included that, “The committee shall draft the legislation with regard to proposed GST in the state while paramounting the measures which can protect the special Consitution(al) position and taxation powers of the state being enjoyed by it,”

It will be a troublesome circumstance for the PDP-BJP coalition government to join, or stay away from the GST administration. Finance Minister Haseeb Drabu, of PDP, has even said in the recent times that the condition of Jammu and Kashmir ought to hold the self-sufficiency in tax collection as is being delighted in by the state at present. Then again, BJP might want the Constitutional Amendment pushed through as ahead of schedule as could be expected under the circumstances.

Financial Commissioner Planning, Development and Monitoring department will be administrator of the board of trustees which will incorporate Commissioner- Secretary Finance Department, Secretary Law Department and Commissioner Commercial Taxes Department as individuals, by which the state government added the order saying, “The committee shall invite Advocate General Jammu and Kashmir as a special invitee as and when required. The committee may co-opt any other officer as a member as it may deem fit.”

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