Tax reduction on Handicrafts, Walnut to benefit J&K traders: Haseeb Drabu

J&K Government’s proposal to slash taxes for protecting small traders of the state prevailed in the recent GST Council meet with the forum agreeing to reduction of tax on handicrafts and walnut. “Conceding the demand of the traders involved in the handicrafts sector of the state, J&K Government pleaded with the GST Council in its 21st meeting at Hyderabad recently to consider bringing down the tax rate on handicrafts and walnut from 12 percent to 5 percent,” an official spokesperson said in a written statement. According the spokesperson, Finance Minister…

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