Jaitley promises GST help for J&K in sync with special status

Image
Press Trust of India Srinagar
Last Updated : May 18 2017 | 2:22 PM IST
Union Finance Minister Arun Jaitley today assured the Jammu and Kashmir government of all possible help in restructuring the GST rollout for the state while respecting its special status under Article 370 of the Constitution.
Jaitley promised that the Centre will do all it can in restructuring the GST implementation for Jammu and Kashmir keeping in mind the special status of the state, an official spokesman said here.
The meeting of the GST Council, headed by Jaitley and consisting of state finance ministers, kicked off here today.
As soon as the meeting got under way, Jaitley informed the gathering the demise of Union Environment Minister Anil Dave, the spokesman said. The session observed silence for two minutes in his remembrance.
He complimented the state Finance Minister Haseeb Drabu for helping organise the final leg of the GST Council meet before the law kicks in from July 1 this year.
Drabu said the historic meeting will make Jammu and Kashmir part of the economic history aimed at reordering the country's federal polity.
"We are now part of the national policy making which will be recorded in history," he added.
The meeting will last for two days during which the participants will decide on tax bands for various commodities under the country's first major indirect tax reform.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 18 2017 | 2:22 PM IST

Next Story