New year gift to J&K: Centre lifts Lakhanpur Toll Plaza tax, J&K traders breathe a sign of relief

Official announcement

Dealers in the winter capital Jammu required the cost tax accumulated by Jammu and Kashmir federal government at Lakhanpur entrance point in to their country be abolished.  The selection of Rs 800 to 900 crore from the title of country cost taxation in Lakhanpur cost plaza yearly is to be borne with the usual person because that ends in unavoidable hike at price ranges of commerce merchandise.  The dealers stated the exceptional status given to this nation needs to have now been properly used for its welfare of these folks and perhaps not to amassing taxation below the pretext of nation cost taxation.

Primary Minister Narendra Modi's federal government has awarded the Jammu and Kashmir dealers grounds to observe this brand new calendar year.  On Tuesday, December 3-1 the center introduced a elevator at their country charge taxation billed in the Lakhanpur cost place in Kathua district to the entrance of items in to their nation of J&K starting January 1, 2020.

Dealers and industrialists from their country are conflicting the levying of taxation on merchandise in their entrance in to their nation.  As stated by the dealers, underneath the products and Services Tax (GST) program,  levying tax aside from GST defeats the target of this 1 region, 1 tax principle executed at the nation underneath GST.

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