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The State of Jammu and Kashmir joins GST today making the GST truly a one nation, one tax" regime.

Delhi 

The State of joins today making the truly a one nation, one tax" regime.

The President of India has promulgated today two ordinances, namely, the Central Goods and Services (Extension to Jammu and Kashmir) Ordinance, 2017 and the Integrated Goods and Services (Extension to Jammu and Kashmir) Ordinance, 2017 extending the domain of Central Act and the Integrated Act to the State of Jammu and Kashmir, with effect from 8th July, 2017. With this, the State of has become part of the regime, making truly a one nation, one tax" regime.

Earlier, the Goods and Services was launched in the country from the midnight of 1st July, 2017. However, because of the special provisions applicable to the State of extra steps had to be taken before the State could join the fold.

On 6th July 2017, the State of had taken the first step towards adopting the regime with the President of India giving assent to the Constitution (Application to Jammu and Kashmir) Amendment Order, 2017. Resultantly, the One Hundred and First Amendment Act, 2016 to the Constitution of India that paved the way for introduction of in the country, became applicable to the State of also. Following this, on 7th July, 2017, the Goods and Services Bill, 2017 was passed by the State Legislature, empowering the State to levy State on intra-state supplies with effect from 8th July, 2017.

Concomitantly, the President of India has promulgated two ordinances, namely, the Central Goods and Services (Extension to Jammu and Kashmir) Ordinance, 2017 and the Integrated Goods and Services (Extension to Jammu and Kashmir) Ordinance, 2017 extending the domain of Central Act and the Integrated Act to the State of Jammu and Kashmir, with effect from 8th July, 2017.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, July 08 2017. 00:20 IST