The Jammu and Kashmir government is hosting the 14th Goods & Services Tax (GST) Council meeting in the summer capital Srinagar beginning today (18th May 2017). The State administration is gearing up for the meeting of the GST Council headed by Union Finance Minister Arun Jaitley.
The State General Administration Department has appointed 69 KAS officers as liaison officers for the meeting. The GST is a value added tax and is proposed to be a comprehensive indirect tax levied on the manufacture, sale, and consumption of goods as well as services by the Central and State governments. J&K is among 8 States which are yet to ratify the GST.
Important Takeaways from above News for SBI PO Mains Exam-
- Summer capital of J&K is Srinagar and winter capital is Jammu
- Mehbooba Mufti Sayeed is the Chief Minister of J&K
- Mr. Haseeb A. Drabu is the Minister of Finance of J&K
Source- Air World Service