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Goods and Services Tax implementation may proceed after political consensus while preserving state fiscal autonomy and special status. Jammu and Kashmir intends to pass the Goods and Services Tax bill after all party consultations, with discussions focused on legal, legislative, financial and administrative aspects and on adopting safeguards to preserve the state's fiscal autonomy and special status. Political stakeholders indicated conditional support provided the implementation mode protects fiscal prerogatives and mitigates disruption to inter state trade and local industry, reflecting a preference for consensus-driven adoption following briefing by the GST Council.
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<h1>Goods and Services Tax implementation may proceed after political consensus while preserving state fiscal autonomy and special status.</h1> Jammu and Kashmir intends to pass the Goods and Services Tax bill after all party consultations, with discussions focused on legal, legislative, financial and administrative aspects and on adopting safeguards to preserve the state's fiscal autonomy and special status. Political stakeholders indicated conditional support provided the implementation mode protects fiscal prerogatives and mitigates disruption to inter state trade and local industry, reflecting a preference for consensus-driven adoption following briefing by the GST Council.