Experts say J&K's attempt to bring alcohol, petrol under GST not viable

J&K is essentially attempting to replace the VAT levied on petrol, state excise duty on alcohol, state-level duty on electricity, and stamp duty on land with SGST

Attempting to bring electricity, petrol, real estate, and alcohol under the state goods and services tax (SGST) might not be a complete solution for Jammu and Kashmir (J&K) but only partially help it in getting credit for taxes paid on inputs bought in the state.

According to reports, J&K has set up a high-level panel to prescribe the modalities to bring petrol, electricity, alcohol, and real estate under GST. The decision might be announced as part of the state budget in January. 

However, in order to bring alcohol under GST, a constitutional amendment will be required and that might take longer. 

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