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of <h1>Jammu and Kashmir GST Amendment: Tax Calculation for Suppliers Now Refers to Rule 7 of GST Rules 2017.</h1> The Government of Jammu and Kashmir issued an amendment to Notification No. SRO-279 dated 08-07-2017 under the Jammu and Kashmir Goods and Services Tax Act, 2017. Effective from February 1, 2019, the amendment modifies the calculation of tax for certain suppliers. The previous wording, which specified a rate of 'half per cent of the turnover of taxable supplies of goods in the State,' is replaced with a reference to the rate specified in rule 7 of the Jammu and Kashmir Goods and Services Tax Rules, 2017. This change was made on the recommendation of the Council.
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