As the implementation of Goods and Services Tax (GST) has became a reality in Jammu and Kashmir, several Valley-based traders Saturday said many Multi-National Companies (MNCs) and wholesalers outside the state have stopped receiving any fresh orders for new stocks as these firms are still upgrading their systems for invoicing of goods. Most Kashmir-based traders now fear that fresh stocks wouldn’t be able to arrive here for next one month as outside companies are still in a process to upgrade their systems in tune with the new tax regime. “I…
Read MoreGST unpreparedness hits traders, leads to shortage of goods
