Industrial production for the current financial year in Kashmir will be 50 percent down due to discontinuation of special tax exemptions post GST implementation, apex industry body Federation Chamber of Industries Kashmir (FCIK) said on Friday. Speaking with Kashmir Post, FCIK President Mukhtair Yousuf said despite playing an important role for import substitution, local industry has not been provided incentives such as “extension of tax holiday’ as promised by the state government. “Most of these units have been set up on the promises and commitments made by the consecutive governments…
Read MoreKashmir to face 50% cut in industrial production post GST
