Despite assurance from the government that the Goods and Services Tax (GST) will not impact J&K’s special status, the Kashmir valley’s business community and tourism players are seeking a thorough debate before the new tax regime gets implemented. Besides debating the ramifications of the act over the state’s own financial authority, businessmen want to know the fate of the special tax concessions enjoyed by J&K on account of being a tourist destination. “We have been getting special benefits such as exemption of service tax for the hotel industry. VAT, too,…
Read MoreValley traders seek debate on new tax regime
