Urgent meeting convened in Chamber House after Drabu’s statement

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An urgent meeting was convened today in the Chamber House under the presidentship of Sh. Rakesh Gupta after the statement of the Finance Minister Sh. Hasseb A Drabu that the State of J&K shall not adopt the GST regime that was recently passed by the Union Government.

The Chamber feels that such statement being issued by the Finance Minister unilaterally speaks of his high headedness. The Chamber also feels that the present government of J&K is working as a dictatorship and not as a democracy. The taxes in the form of irrational VAT, service tax which are already on the higher side comparing PAN India are already burning issues against which the chamber is already agitating against the government. The Chamber warns the Finance Minister not to come out with the excuses of special status but try to understand the problems of the trade and industry. It may not be out of place to mention that till recently the Finance Minister of J&K was heading the Empowered Committee and making such statements shall only deface the image of J&K across India. The Chamber has already warned the government that if their genuine pre-budget demands do not meet justice, the chamber may adopt the course of total non cooperation and ask the business community not to pay any kind of taxes to the state government soon. The chamber advises and cautions the government to adopt positive track and arrange a meeting with Chamber of Commerce & Industry so that the matters are amicably solved before it is too late. And at the same time President Chamber of Commerce & Industry gives an invitation to the Finance Minister for a open discussion on any TV Channel so that the people of the J&K State and the business community knows the facts as to who is on the wrong side.