Archive · 4 Oct 2025
GST Revisions Expected to Boost J&K Economy
Imagine the government decided to make things cheaper in Jammu and Kashmir.
They lowered a tax called GST on things like beautiful shawls, carpets, and local crafts.
This means these items become more affordable, so more people will buy them.
Also, tourists can now stay in hotels at a lower price, encouraging more visits.
This is good for the people who make these items, the farmers, and the tourism businesses, creating jobs and helping the economy grow.
GST rates have been reduced from 12% to 5% on several items to benefit J&K's economy.
The tax reduction aims to boost competitiveness and expand markets for handicrafts, agriculture, and tourism.
Heritage products like Pashmina shawls and Dogra cheese are expected to become more competitive.
The handloom sector, including items such as carpets, is seeing price reductions.
Tourist accommodations up to Rs 7,500 also benefit from the GST cuts.
- Who
- Artisans, farmers, tourists, and businesses in Jammu and Kashmir.
- What
- The GST rate rationalization, from 12% to 5% on several goods and services.
- When
- Information released on October 4.
- Where
- Jammu and Kashmir.
- Why
- To boost competitiveness, lower costs, and expand markets, driving economic growth and preserving the region's heritage.
- GST Rate Reduction
- From 12% to 5% on many goods and services.
- Key Sectors Benefiting
- Handicrafts, agriculture, and tourism.
- Handicraft Examples
- Pashmina shawls, carpets, wicker willow, and paper-mache.
- Tourism Impact
- GST on hotels up to Rs 7,500 reduced from 12% to 5%.
- Almond Production
- J&K accounts for over 91% of India's almond production.
- Tourism Jobs
- Over 70,000