Business

JK among states to get tax exemption under GST regime

Industries to get 10-year tax exemption as refund: Finance Minister

Srinagar: After persistent demand by the industrialists in the state for granting tax exemption in Goods and Services Tax (GST) regime, the Government of India on Wednesday announced that industries in the North Eastern and Himalayan states will continue to get tax exemption till March 2027 as refund.

Finance Minister Arun Jaitley said in New Delhi that within the framework of the GST Act each industry will be entitled to its own refund mechanism during this particular period (March 31, 2027).

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