Cabinet clears draft bills to replace GST ordinances for J-K

The Central government had earlier this month promulgated ordinances to make the Central GST and Integrated GST applicable to the state.

The Cabinet on Wednesday approved draft bills to replace ordinances that were promulgated to introduce the Goods and Services Tax (GST) in Jammu and Kashmir.

Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley briefs a press conference after a Cabinet meeting in New Delhi on Wednesday. (PTI)

The Central government had earlier this month promulgated ordinances to make the Central GST (CGST) and Integrated GST (IGST), which deals with inter-state commerce, applicable to the state.

The Cabinet, headed by Prime Minister Narendra Modi, gave its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu and Kashmir) Ordinance, 2017 and Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Ordinance, 2017.

The ordinances have extended the provisions of the IGST Act and CGST Act to the state of Jammu and Kashmir.

The ordinances had been promulgated on July 8, 2017 and the Central Goods and Services Tax (Amendment) Bill, 2017 and the Integrated Goods and Services Tax (Amendment) Bill, 2017 will be tabled in the current session of the Parliament, an official statement said.