For Jammu and Kashmir LS passes 2 bills extending CGST, IGST


Today The Lok Sabha passed two bills extending Central GST and Integrated GST to Jammu and Kashmir,Finance Minister Arun Jaitley said that the step will ensure greater economic integration of the state with rest of the country.


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 passed by the House by a voice vote 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.



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