 "GST impact: Taxation of J&K supplies in first week confuses Centre")
The taxation of supplies made to and from Jammu and Kashmir in the first seven days of July — when the state had not joined the goods and services tax (GST) regime — has put the central government in a dilemma, with a clarification yet to be issued on the matter.
While one section within the department of revenue is of the view that the integrated GST (IGST) will apply for all supplies to and from J&K, the other section argues that these transactions should be exempt from both the IGST and the central excise.
“A decision is yet to
