NEW DELHI: Jammu & Kashmir govt has sought lower GST on handloom and handicraft products in a move aimed at making pashmina shawls and silk carpets more affordable for Indian buyers.
Currently, handloom and handicrafts items that cost Rs 1,000 or more attract 12% tax, and the proposal is to lower the levy to 5% on all products.
Responding to the demand, Union minister Piyush Goyal suggested the businesses should take up the issue with the finance ministry. "We will try to reduce it. We will try to find a way," he said at an industry event. The proposal for pashmina shawls has been with the GST Council for several months and even CM Omar Abdullah had raised it in Jaisalmer in Dec.
Currently, handloom and handicrafts items that cost Rs 1,000 or more attract 12% tax, and the proposal is to lower the levy to 5% on all products.
Responding to the demand, Union minister Piyush Goyal suggested the businesses should take up the issue with the finance ministry. "We will try to reduce it. We will try to find a way," he said at an industry event. The proposal for pashmina shawls has been with the GST Council for several months and even CM Omar Abdullah had raised it in Jaisalmer in Dec.
You may also like
'No job, no income': Techie's heartbreaking yet vain efforts to manage work pressure and UPSC prep simultaneously go viral
Weekend hangover? Try THESE homemade drinks to keep the headache at bay
Can Indian Startups Thrive Without Incentives In Making LLMs?
6 Foods and Their Benefits for Particular Body Part
#WorldChocolateDay: Paan, chilli, chai: Desi flavours meet decadent chocolates
