FM introduces bills in LS to extend GST to J&K

Finance Minister Arun Jaitley on Tuesday introduced two bills in the Lok Sabha that would extend the Goods and Services Tax (GST) regime to Jammu and Kashmir, reported a national news agency.
 
The Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 would provide for levy of the GST on goods sold and services rendered in the state, while the Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 seeks to levy the tax on inter-state movement of goods.
 
The Jammu and Kashmir assembly passed a resolution adopting the constitutional amendment only on July 5, while it came into effect from July 1 all over the country. Thereafter, the president issued an ordinance extending the provisions to the state. 

This was necessary because of the special status that Jammu and Kashmir has in the Constitution. 
 
The state of Jammu and Kashmir passed the Jammu and Kashmir Goods and Services Tax Act, 2017 which came into force on July 8, 2017, the statement of objects and reasons for the two legislations said. 

The central GST would be imposed on intra-state supplies in the state and the integrated tax on inter-sate supplies. But with the state adopting the law, ordinances were promulgated. And now the legislations have been introduced to replace them.