NEW DELHI: Jammu & Kashmir Finance Minister Hasib Drabu today set the record straight on GST, saying the empowered committee has agreed that the proposed goods and services tax will not be extended to the State in the current form.
The State Government will come out with a separate proposal on how to participate in the GST framework without compromising its constitutional position on taxing services.
Drabu, according to an official release, made these submissions at a meeting of the Empowered Committee (EC) of State Finance Ministers in the national capital on July 26.
“I made the case before the EC that J&K’s special taxation powers have to be protected while rolling out GST,” Drabu said, adding that J&K is the only state in the country with powers to tax services.
The committee, he added, has agreed with the State’s contention and asked it to come up with separate proposal. (AGENCIES)
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