- Jammu and Kashmir government seeks lower GST on handloom and handicraft products
- Aim is to make pashmina shawls and silk carpets more affordable for Indian buyers
- Current tax on items costing Rs 1000 or more is 12 percent
- Proposal is to reduce tax to 5 percent on all products
- Union minister Piyush Goyal suggests businesses discuss with finance ministry
- Proposal for pashmina shawls has been with GST Council for several months
- CM Omar Abdullah raised the issue in Jaisalmer in December
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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