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J&K govt, biz seek 5% GST on handicraft items

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The Jammu & Kashmir government is advocating for a reduction in the GST on handloom and handicraft products, including pashmina shawls and silk carpets, to make them more accessible to Indian consumers. Currently, a 12% tax is levied on items costing Rs 1,000 or more, and the proposal aims to lower it to 5% across all products.

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