Srinagar, Dec 08: The Jammu and Kashmir National Conference (JKNC) on Sunday expressed concern regarding the proposed increase in Goods and Services Tax (GST) on traditional Kashmiri products, saying the move has raised alarm within the textile and apparel industry in Kashmir.
Calling on the Government of India (GoI) to reconsider its GST strategy to safeguard the industry and the livelihoods it sustains, the party’s chief spokesperson and MLA Zadibal Tanvir Sadiq said 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, jeopardising 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.
Sadiq criticised the proposed hike, saying 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.
The MLA Zadibal urged the government to reconsider the hike to protect the interests of the Kashmir handicrafts industry.
