The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

Exemptions to local industry

INS Web Desk by INS Web Desk
July 31, 2017
A A
Sagar pays tribute to late Mirwaiz Molvi Farooq
Share on FacebookShare on TwitterWhatsappTelegramEmail

PDP devoured State of taxing powers, now CM begging before Delhi: Opp

RELATED POSTS

LG chairs high-level security review meeting

CM Omar condemns Kulgam killings, announces ₹10 lakh ex-gratia for families of two slain labourers

CM Omar convenes key cabinet meeting on August 4

Srinagar: Days after Chief Minister Mehbooba Mufti met Union Finance minister Arun Jaitley for exemption to some tradable items, the Opposition today said that the PDP “devoured” the state of taxing powers and is now “begging” before the centre for relaxations.
Opposition National Conference General Secretary Ali Muhammad Sagar said that PDP compromised for power and eroded Jammu and Kashmir’s fiscal and special autonomy.
“The party surrendered the power of the State legislature to tax and grant exemptions to local industry to the Parliament just to remain in good books of BJP at the Centre. PDP did not think about our industries and traders. NC protested against the GST extension to the state knowing how hard the new tax regime will cripple our economy and business. Today, we are proved right,” Sagar told KNS.
He said that the party will raise its voice in support of the traders and artisans of the state for exemptions.
“The chief minister is going to New Delhi begging before Finance minister Arun Jaitley for exemptions to industry and trade when the state had enough powers to grant these exemptions and relaxations,” he said.
Chief Minister, Mehbooba Mufti met the union Finance Minister, Arun Jaitley in New Delhi on Thursday and sought continuation of tax exemptions and remissions to several local products from the State.
Mehbooba specifically sought tax exemption for Walnut and Almond (including giri and allied produce), handicrafts (produced from local artisans and craftsmen), wood allied industry (including wood seasoning, carving, processing), handmade Willow and Wicker industry, local sports manufacturing industry (including willow bat industry), Saffron (and other dry fruits and spices from the State).
Congress president for the state, G A Mir said that it is the beginning of the negative fallout of GST on business and trade in the state.
“Chief Minister will have to beg before the centre government for exemptions which will not be an easy thing to do. The Center will have to decide about exemptions in GST council and the council comprises of 30 states. If one state is given exemptions, rest of the states will be on roads,” Mir told KNS.
He said that Congress raised these issues with government during the meetings on GST. “Our Finance Minister would these issues will be ‘taken care of’. Now, he is running away from it and chief minister is begging before New Delhi,” he said.
He said by GST PDP and BJP devoured the state of its taxing and fiscal powers.
“Now, everything will come from and will be decided by Delhi,” he said.
Meanwhile, the trades, especially in handicrafts sector, are mulling to protests as their business has suffered after the new tax regime. (KNS)

 

 

 

Buy JNews
ADVERTISEMENT
Previous Post

Army men allegedly harass students, misbehave with staff at Hussaini school in Srinagar

Next Post

Govt to safeguard consumer rights during transition to new tax regime: Zulfkar

INS Web Desk

INS Web Desk

Related Posts

LG chairs high-level security review meeting
Regional

LG chairs high-level security review meeting

August 1, 2026
Statehood can’t be held hostage to BJP rule: CM Omar
Regional

CM Omar condemns Kulgam killings, announces ₹10 lakh ex-gratia for families of two slain labourers

August 1, 2026
CM Omar chairs 2nd cabinet meeting
Regional

CM Omar convenes key cabinet meeting on August 4

August 1, 2026
Vice Admiral AN Pramod Assumes Charge as Dy Chief of Naval Staff
Regional

Vice Admiral AN Pramod Assumes Charge as Dy Chief of Naval Staff

August 1, 2026
SDRF rescues residents after cloudburst hits Pehlipora Shopian; 5 houses, school building affected
Regional

SDRF rescues residents after cloudburst hits Pehlipora Shopian; 5 houses, school building affected

August 1, 2026
Woman falls off ridge in Poonch, dies
Regional

Kulgam terror attack: 2nd migrant worker succumbs at SKIMS; LG condemns

August 1, 2026
Next Post
Govt to safeguard consumer rights during transition to new tax regime: Zulfkar

Govt to safeguard consumer rights during transition to new tax regime: Zulfkar

NIA raids houses of resistance leaders, businessmen; seize cash, documents

Hurriyat (G) condemns NIA raids, arrest of Advocate Devinder Singh




Video: Frisking Intensified In Srinagar After Batmaloo Attack

July 26, 2018
6 people rescued as massive avalanche hit near Zojila, no casualty reported

6 people rescued as massive avalanche hit near Zojila, no casualty reported

April 16, 2023
Cabinet welcomes Mishra’s appointment as GoI’s representative

Riyaz Ahmad Wani is new SMC commissioner

October 24, 2017

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.