"Government should come up with some clarification on the issue", Pratik Jain, partner and national leader, indirect tax, PwC said.
Even the All Party Consultative Group constituted by the government eluded consensus as most of the parties demanded Jammu and Kashmir specific safeguards before implementing GST in the state.
However, he warned that if the state misses the GST bus the consumers and traders will be the worst hit as they have to pay more.
GST has clearly divided the business communities of Kashmir and Jammu.
The GST will roll out in the country at midnight, but J&K is the only state which will fail to keep date with it.
Jammu (Jammu and Kashmir), July 1: Minister of State in the Prime Minister's Office (PMO) Dr. Jitendra Singh on Saturday hailed the Goods and Services Tax (GST) rollout, stating that the new tax regime would accelerate the country's economic growth especially of Jammu and Kashmir.
A special one-day session was called on June 17 to debate the draft legislation on the GST approved by the State Cabinet earlier issue but it was adjourned indefinitely after the House witnessed noisy scenes.
"The socio-economic nature of the country is changing, and also goods such as these are used by the common man, and so it was made a decision to tax them at this rate", the Finance Minister added.
In an exclusive interview with Mihir Bhatt of Zee Business, the finance minister discussed the benefits that would accrue to the economy from GST, the advantages of multiple tax slabs, and the measures the government would take against offenders. The GST will be collected on everything, from matchboxes to gold.
Unlike other states, which were required to pass only State GST (SGST) Act in their respective assemblies, J&K needs to enforce both Central GST (CGST) and SGST Act due to the special status for the state under Article 370 of the Constitution.
The opposition opposes extending the 101st amendment of the constitution to J&K, which would hand over powers of tax collection to the Centre and threaten the state's autonomy. Besides, it will also entail amending Section 5 of J&K Constitution which can't be done.
Taking a step towards a democratic opposition of the GST, the local traders have chose to keep their business shut for a day in Agra. We are in favour of it but we are concerned about how it is implemented in J&K.
We had huge success. ".I set him up to deliver, in a very short time frame, something that became very challenging to deliver". Here's a sentence that feels truly handsome to type: Mahershala Ali is in talks to join True Detective Season 3.
The breach of trust charges are related to a wider probe into the alleged misuse of European Union funds by the far-right party. Le Pen is also charged with complicity in breach of trust in her role as president of the National Front from 2014 to 2016.
Most of India's 29 states have passed local laws to implement the new tax regime, but some have pleaded for more time. It is similar to the introduction of Value-Added Tax when there was initial resistance.
Television crews and reporters gathered at the wedding venue hoping for a glimpse of the couple and their guests . The decorated soccer player and Roccuzzo are parents to 4-year-old Thiago and 1-year-old Mateo .
The former Duke star, who previously played for the Orlando Magic and Milwaukee Bucks, struggled this year in the playoffs. Redick appeared to confirm the signing by tweeting the 76ers' slogan "Trust the Process" shortly after 4 p.m.
After a great week of dry, cooler weather, rain and thunderstorms could be moving into Ohio County this afternoon . Conditions will be mostly cloudy, with a high near 86 and a southwest wind around 8 miles per hour .
The overriding sentiment in India seem to be that it was in the interest of both India and China that they should be predictable. Following the June 16 incident, Bhutan officially lodged a protest at the Chinese Embassy in New Delhi on June 20.
Croatian Ancic is only three years older than Djokovic at the age of 33 after being forced to retire due to injury in 2011. I think it's different here in a way because I spent a lot of time every day interacting with people on the grounds.
At the same time, the weather service has issued a dense fog advisory for the entire New Jersey coast along the Atlantic Ocean. Rain chances will be low on Sunday , but a few scattered thunderstorms will be possible with highs warming into the mid 90s.
She and the driver speak for a period of time before she gets in the vehicle , which drives away heading north on Goodwin. He admits picking up an Asian woman but says he dropped her off in a residential area a few blocks away.
Hong Kong's 20th marked on 2 coasts
Liu's face featured on countless signs held aloft by marchers who called on China to release him to seek treatment overseas . Saturday marks the 20th anniversary of Hong Kong , a former colony of Britain, being returned to China .