Excelsior Correspondent
SRINAGAR, Dec 8: The Jammu and Kashmir National Conference today opposed the proposed increase in Goods and Services Tax (GST) on traditional Kashmiri handicraft products, saying the move has raised alarm within the textile and apparel industry in Kashmir.
In a statement issued, Party Chief Spokesperson and MLA Zadibal Tanvir Sadiq urged the Government of India to reconsider its GST strategy in order to safeguard the industry and the livelihoods it sustains.
He emphasized that these products serve as the backbone of Kashmir’s economy and cultural heritage.
“The increase in GST rates will place a heavy burden on local artisans and traders, jeopardizing their livelihoods and reducing the attractiveness of Kashmiri products in the global market. It is alarming to propose higher taxes during a period of economic instability characterized by inflation and stagnant growth,” he said.
Tanvir criticised the proposed hike, stating that it reflects a lack of understanding of Kashmir’s economic realities.
He emphasised the importance of balancing revenue needs with social equity for the workforce, warning of severe consequences if this balance is not maintained.
Follow our WhatsApp channel
