Jammu and Kashmir (J&K) assembly passed a resolution for implementing the Goods and Service Tax (GST) amidst protest by opposition parties on Wednesday. J&K Finance Minister Haseeb Drabu on Saturday had said that the state may clear the legislation on the indirect tax regime by 6 July.
Traders in Srinagar protested against the proposed implementation of GST. They claimed it would lead to erosion of the special status and the economic autonomy of Jammu and Kashmir.
In the meantime, people have started stocking up on necessary commodities considering the crises triggered by non-implementation of GST. It is being discussed in the state assembly for execution.
According to officials of Lakanpur Inter-state Toll Plaza in Kathua district, there has been a drop in trucks carrying supplies and goods to the valley state. The number of trucks crossing the toll plaza has reduced to 200-300 from 2000 before 1 July.
Hundreds of industrial units have blocked production as bills and supply problems caused by non-implementation of GST in the state.
