Srinagar: The Jammu and Kashmir National Conference 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 to reconsider its GST strategy to safeguard the industry and the livelihoods it sustains, Party Chief Spokesperson and MLA Zadibal Tanvir Sadiq 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.
Tanvir urged the government to reconsider the hike in order to protect the interests of the Kashmir handicrafts industry.
