Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
July 28, Friday 2017 4:21 AM       

       HEADLINES: Attack on actress: Rimi Tomy questioned                                              Cabinet decides to hand over Kovalam Palace to R P Group                                              Chennithala demands probe by SC judge in MCI 'scam'                                              It’s confirmed - Kavya Madhavan is pregnant                                              M Vincent’s arrest: Prohibitory order in two taluks of Thiruvananthapuram                                              Amit Shah to contest Rajya Sabha polls from Guj                                              Modi congratulates Nitish after resignation                                              Nitish Kumar back to NDA fold, to take oath as Bihar CM tomorrow                                              Nitish Kumar is new Bihar CM, Sushil Modi his deputy                                              Lalu dubs Nitish an 'opportunist'                                              Britain plans bigger role in Asia post-Brexit: Johnson                                              Trump donates second quarter salary to education department                                              Sri Lanka 38/1 at tea, trail India by 562 runs                                              PKL Season 5 trophy unveiled with 12 captains                                              Kaumudi Facebook
       BUSINESS Next Article: India ranks 23rd among 165 nations in cybersecurity index  
       Mehbooba brushed aside separatists to roll out GST: Jaitley
 
         Posted on :01:13:14 Jul 7, 2017
   
A A
       Last edited on:01:13:14 Jul 7, 2017
         Tags: Mehbooba brushed aside separatists to roll ou
 
New Delhi: Finance Minister Arun Jaitley today said that J&K Chief Minister Mehbooba Mufti rooted for people welfare and ignored separatists' voice to adopt GST in the state assembly.
 
Jammu and Kashmir was the only state that had not approved a legislation to implement the Goods and Services Tax (GST) even after the new indirect tax regime was rolled out on July 1.
 
Jaitley said separatists ran a propaganda that GST should not be implemented in J&K otherwise there will be "financial integration of the state with India." 
 
The state finance minister was part of all the negotiations at the GST Council that decided on the tax rate and rules for its implementation and the state even hosted a meeting of the GST Council that decided on tax rates for about 1,200 goods.
 
The Centre had to then emphasise to the state that its people will lose out as they will pay tax twice over instead of just one GST, making goods costlier to them, he said.
 
"I wrote to Mehbooba Mufti saying that goods will become costlier (if you don't implement GST). So, you have to choose the path of either going with the separatists or thinking about the welfare of the people of the state," Jaitley said, addressing an event organised by state BJP as thanksgiving for successfully implementing GST.
 
The J&K assembly yesterday adopted the resolution to implement the new tax regime in the state. However, Presidential assent will be required before GST is implemented in the state.
 
Jaitley pointed out how the price of a commodity would have varied in Pathankot and J&K, if the latter decided not to implement GST.
 
Citing his meetings with traders and businessmen based in Jammu, Jaitley said that they had voiced concern that they may be at a disadvantage if the same product is sold at a cheaper price in Pathankot in Punjab which is just an hour away from the state.
 
"And the same argument was given by the state government yesterday in the state assembly," he said.
 
The Finance Minister further said that in the last 70 years, this is the first time that the country had become economically integrated.
 
"...The J&K consumers also feel that they are integrated with India, and it is beneficial for us," he said.
 
Being a consuming state, J&K would also benefit from GST and the revenue of the state will increase, he added.
 
In his letter to Mehbooba last month, Jaitley had asked her to implement GST in the state as failing to do so would lead to "adverse impact" of price rise and put local industry at a disadvantage.
A A
       BUSINESS
Next Article: India ranks 23rd among 165 nations in cybersecurity index
 
 
BUSINESS HEADLINES
HarperCollins launches business imprint  
Indian banks most at risk among South, S-E Asian peers: Poll  
Rupee surges 21p against dollar after no rate hike by US Fed  
RBI to cut repo rate by 25 bps on Aug 2: HSBC  
China accuses India of 'abusing' trade remedy measures  
Sensex rises 50 pts in early trade on earnings  
'India will emerge as one of biggest markets for IT services  
Nifty tops 10,000 for a moment, Sensex slips from record  
Why has RBI not yet given no. of scrapped notes, asks Oppn  
Rupee softens 5 paise against dollar  
Nifty surpasses 10,000 mark, Sensex up by 102 points in opening trade  
Need examples to deter benami deals, says Jaitley  
Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sabha  
40% of India's GDP outside GST: Chidambaram  
DeMo, GST to widen tax base, make cash dealing difficult: FM  
Pak may face economic instability if reforms stop: IMF  
UN selects Dubai as data hub for MENASA region  
Nifty ends above 9,900, RIL leads  
Sensex's early rise hits a bump, IT weighs  
Australia to help Sri Lanka combat its worst dengue fever  
Niti panel yet to finalise report on autonomous bodies: Govt  
GST win-win deal for all: Jaitley  
Rupee rallies for 3rd session, hits near 6-week high  
NSSO to conduct survey on drinking water in July 2018  
Cabinet clears draft bill to replace GST ordinances for J&K  
 
P U Chithra issue: Is it fair to blame P T Usha?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy