Srinagar, June 16 (KMS): In occupied Kashmir, the Kashmir Traders and Manufactures Federation (KTMF), the largest business organisation in Kashmir, has rejected the puppet authorities’ decision of implementing Indian law, Goods and Services Tax (GST), in the territory.

The KTMF President, Muhammad Yaseen Khan told mediamen in Srinagar that Kashmir was a disputed territory and it had its own Constitution and separate laws. He said that the Indian authorities wanted to directly implement an Indian law, which would affect the disputed nature of Jammu and Kashmir.

The Mehbooba Mufti-led puppet regime has called a special assembly session from tomorrow (Saturday) to discuss the modalities of GST implementation in the territory. The GST comes into effect across India from July 1.

Muhammad Yaseen Khan said, the KTMF has called for shutdown on Saturday to express the business community’s rejection of the GST. He said that the business community would not let the territory give the power of taxation to India at any cost. We asked the authorities to have our own GST law but they did not agree, he said.

He said that economic losses had been part of business community since India entered Kashmir. “We are ready to suffer more losses but will not give the power of taxation to India. We don’t accept the idea of one India, one tax,” he added.

The Federation of Chambers of Industries Kashmir (FCIK) in its administrative council meeting resolved that the special status of Jammu and Kashmir was paramount to the industrial fraternity of Kashmir and it could not be compromised for petty financial gains.

Deliberating upon the issue, the Council was of the unanimous opinion that implementation of GST to Jammu and Kashmir would infringe upon the special status of the territory. The members expressed solidarity with the trade and commerce bodies of Kashmir. The FCIK President, Muhammad Ashraf Mir said that the organisation would never compromise on this whatever the cost was.

The spokesman of Kashmir Economic Alliance in a statement said, “The Kashmir Economic Alliance vehemently opposes the move of extension and implementation of GST in Kashmir as it is grossly anti-trade, anti-people and anti-Kashmir.”

Meanwhile, the pro-India National Conference has also warned the authorities against any move of GST implementation in the territory.

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