The Legislative Assembly on Tuesday passed two Appropriation Bills, authorizing withdrawal of funds from the Union Territory’s Consolidated Fund for the financial years 2024-25 and 2025-26.
The Appropriation Bill for the financial year 2024-25 (L.A. Bill No. 2 of 2025) and the Appropriation Bill for 2025-26 (L.A. Bill No. 3 of 2025) were both introduced by Chief Minister, Omar Abdullah, who also holds the Finance portfolio. Both the bills were passed by voice vote following their presentation.
Additionally, the Assembly passed the Jammu and Kashmir Goods and Services Tax (Amendment) Bill, 2025 (L.A. Bill No. 1 of 2025) through a voice vote. This bill, also introduced by the Chief Minister, aims to align the Union Territory’s GST Act with recent amendments made to the Central Goods and Services Tax Act, 2017.