J&K likely to clear GST by July 6

Jammu and Kashmir, the only state which failed to meet the June 30 timeline for the GST rollout, is likely to clear the legislation by July 6. 

State Finance Minister Haseeb Drabu, who attended the launch of the GST said, in view of differences among the political parties, the state government had set up an all-party consultative group to find a common ground. He said,



the parties were in agreement on extension of the new tax regime after the consultative group meeting yesterday.

Finance Minister Arun Jaitley had on Monday written a letter to Chief Minister Mehbooba Mufti, saying that failure of the state to implement the GST would lead to adverse impact of price rise and put the local industry at a disadvantage.