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GST: J&K assembly passes resolution for implemention amid opposition protest

LiveMint logoLiveMint 05-07-2017 PTI

New Delhi: The Jammu and Kashmir assembly on Wednesday passed a resolution for implementing the Goods and Service Tax (GST) amidst protest by opposition parties.

J&K finance minister Haseeb Drabu had on Saturday stated in New Delhi that the state is likely to clear the legislation on the indirect tax regime by 6 July.

Traders in Srinagar had staged a march against the proposed implementation of GST, which they claimed would lead to erosion of the special status and the fiscal autonomy of Jammu and Kashmir.

Meanwhile, people have started stocking up on essential commodities in view of the crises caused by non-implementation of GST, which is being discussed in the state assembly for implementation.

“We are suffering huge losses everyday. Government has to implement GST soon to avoid crises and hue and cry,” he said.

As per some officials of Lakanpur Inter-state Toll Plaza in Kathua district, there has been a great fall in trucks carrying supplies and goods to Jammu and Kashmir. The number of trucks crossing the toll plaza has come down to 200-300 from 2000 before 1 July, they said.

In industrial areas like Jammu, Gangyal, Bari Brahama, Samba and Kathua, hundreds of industrial units have stopped production in view of bills and supply problems caused by non-implementation of GST in the state.

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