NEW DELHI: Implementation of GST in Jammu and Kashmir marks economic integration and would help increase the revenues of the State, Finance Minister Arun Jaitley said today in the Lok Sabha which passed two bills extending the Central GST and Integrated GST to the State.
The Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill are aimed at giving effect to the formal amendments required in Central GST (CGST) and Integrated GST (IGST) Acts by removing the exemption that was carved out for J&K. (AGENCIES)
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