If they finalise the rates in upcoming meeting, what will be left to the state legislature? We cannot compromise our financial autonomy,” Mushtaq Ahmad Wani, president of Kashmir Chamber of Commerce and Industry, told ET.The business community feels that the government is keeping them in ‘complete darkness’ as they don’t know whether the exemptions and special rebates applicable in the state will continue or not.“We have no idea about GST. We just understand that things will be expensive. Nobody knows what to do. All our staff is ready but state legislature has to do pass the law and then things would be clear,” a senior tax official in the state told ET.

Source: Economic Times May 15, 2017 19:52 UTC