SrinagarThe Kashmir Chamber of Commerce & Industry (Inc) on Wednesday said that implementation of the Goods and Services Tax (GST) will deprive Jammu and Kashmir of its financial autonomy and its powers to legislate on the financial matters of the state.
“Extension of such laws to the state of J&K amounts to direct infringement with the special status of the state guaranteed and vowed to be maintained under Article 370 of the constitution of India,” KCC&I said, in a statement today.
It said that they have made it clear in the meetings with Chief Minister Mehbooba Mufti and Finance Minister Haseeb Drabu that GST law “shall in no way be acceptable as it tantamount to erosion of the special status of the state of J&K.”
Kashmir Economic Alliance (KEA) meanwhile has called for Secretariat Gharoo on 17 June, against implementation of GST in Jammu and Kashmir
In a statement, KEA Co Chairman Farooq Dar expressed serious concerns over this issue and said, business community and the people would fight tooth and nail to oppose GST implementation in the State.
We are not against any tax regime which is for the betterment of the business community. But J&K state is not like any other state in India. It has as special status guaranteed under article 370 under which this law cant be implemented here, said Dar.
State and the GoI needs to take people and business community on board before GST is implemented ths state, he said.
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