The Lok Sabha on Wednesday passed two crucial Bills extending the Goods and Services Tax (GST) regime to Jammu & Kashmir.

The lower house passed the Central Goods and Services Tax (Extension to Jammu and Kashmir), Bill, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir), Bill, 2017 after a brief discussion.

The two Bills sought to replace ordinances promulgated by the President in July this year.

While the first Bill provides for the extension of the Central Goods and Services Tax Act, 2017 to Jammu and Kashmir, the other provides for the extension of the Integrated Goods and Services Tax IGST Act, 2017 to the State.

Replying to the discussion, Finance Minister Arun Jaitley said that GST’s extension to Jammu and Kashmir was a positive step for the State and the country.