Expressing concern over the uncertainty being raised over the implementation of GST in the state, members of Apex industry body Confederation of Indian Industry voiced unanimous support in favor of implementation of GST here today.
CII J&K State Council comprises industry representatives from the state and those having setup their industrial units in J&K.
Mr Rahul Sahai, Chairman, CII J&K State Council, said, “GST is India's most significant indirect tax reform in decades. It represents not just a change in the indirect tax regime, but also a major business transformation. GST is expected to usher in a harmonized national market of goods and services and shall lead to a simplified, assesse-friendly tax administration system. CII is of the view that Industry in our J&K state is ready for the landmark tax reform of GST, which is expected to bring significant economic growth as well as increased employment. We are not in a position to lose out on this reform, when it is sure to bring in economic change all over the country”.
“Our industry members operate their units in the state, contribute to the economy, and generate jobs for the youth. We all are keenly waiting for its implementation and this uncertainty has only created a sense of worry. However, we are still hopeful that GST will be implemented smoothly in the state as in the rest of country form 1 July”, Rahul Sahai added.
Jammu & Kashmir
19 June 2017