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<h1>Jammu & Kashmir Business Transition: Tax Periods, ITC Transfer, and Inter-State Supply Exemptions Post-Reorganization.</h1> The notification outlines the transition plan for businesses in the former state of Jammu and Kashmir following its reorganization into Union territories effective from October 31, 2019. It specifies that businesses must determine tax periods for October and November 2019, pay applicable taxes, and have the option to transfer input tax credit (ITC) from their old GST Identification Number (GSTIN) to a new one in the Union territories. The transfer of ITC should be communicated to tax officers and carried out through returns. Additionally, inter-State supply provisions between the Union territories are exempted until the transition date.