Mon. Oct 21st, 2019

Advisor Sharma represents JK at GST Council Meet

Date for filing of GST returns extended for JK by another month; GST rates on hotel tariff cut, rationalized

SRINAGAR: Advisor to Governor, KK Sharma today represented Jammu and Kashmir at the 37th GST Council meeting held at Goa under the chairmanship of Union Finance Minister.

During the course of discussions, the meeting decided to do away with the 28 per cent GST rate being charged on room-rent of hotels exceeding Rs 7,500 and fixed the rate of GST to the tune 12 per cent for a booking amount of Rs 2,500 to 7,500 and 18 per cent on amounts exceeding Rs 7,500 which would be highly beneficial to the J&K as tourism is one of the main stays of its economy, besides providing jobs to people.

Advisor Sharma also projected the cause of extending the filing of GST returns for another month in view of the non-availability of Internet facilities which was agreed to by the council.

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