Jammu Kashmir likely to clear GST rollout by July 6

New Delhi, July 01: As we knew that The new Indirect Tax has been rolled out here on Saturday, the Jammu and Kashmir, the only state which failed to meet the June 30 timeline for the GST rollout, is likely to clear the legislation on the indirect tax regime by July 6, According to Finance Minister Haseeb Drabu said on Saturday.



Union 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.

Jammu and Kashmir is the only state which has not taken a call yet on the implementation of the new tax regime which came into force in the country from midnight Saturday.