Major FMCG players may face a severe crisis as they will be running short of supplies in the very first week of July. With Goods and Services Tax being rolled out from July 1 across India, people in Jammu and Kashmir will have to face double taxation on import and export of commodities, triggering fears of soaring prices till a consensus is evolved over extension of the new tax regime to the state. As the central government is bringing India under “one country, one tax” from July 1, the state…
Read MoreFor now, Traders and Consumers to bear ‘Double Tax’ brunt
