Excelsior Correspondent
JAMMU, June 29: Chairman of Sarafa Association and Swarnkar Sangh Joint Action Committee Jammu Raman Suri said that implementation of Goods and Services Tax (GST) in Jammu and Kashmir will benefit the consumers and producers.
In a statement issued, Suri said that introduction of GST by Central Government will be a symbol of united India, as it will create a common market and thus, only the particular tax, fixed for respective goods and services will have to be paid, throughout India.
“Even costs will be cut down by 20 to 30 per cent on many goods and services. Moreover, tax evasion will be reduced, hence increasing the revenue of the government by manifold. GST will replace 17 indirect taxes and thus, make life simpler for both, the consumers and the producers. Even the capital goods investment will be boosted”, he stated.
Suri also urged the State Government to immediately give its approval to the implementation of GST in the State without any further delay.
“Implementation of GST in the State on July 1, along with rest of the country, is the need if the hour. If the Government will delay its decision any further, then life of the common man will be badly affected in numerous ways. Consumers will have to pay dual tax while purchasing goods and services in the State, while the rest of India will pay a single tax. This will push the consumers out of J&K’s market, which will even affect the producers and sellers. Hence, it will lead to a vicious cycle of loss. Entire trade and industry will take a hit by the delayed or no implementation of GST in the state”, Suri said.
“For a united, equal and fair market all across the country, implementation of GST in the entire India is required, for which, presently, the only requirement is consent of India’s crown, that is Jammu and Kashmir”, he stated.
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