KTA hails GST reforms as boost for trade, tourism, handicrafts
Srinagar, Sept 5: The Kashmir Trade Alliance (KTA) has welcomed the sweeping reforms announced by the GST Council, describing them as a landmark move that will ease compliance, cut tax burden, and inject fresh momentum into the trade and tourism-driven economy of Jammu and Kashmir.
KTA President Aijaz Shahdhar said the decision to reduce GST slabs from four to two would provide wide-ranging relief for traders, shopkeepers, and small enterprises. “The earlier multi-slab system created confusion, disputes, and excessive paperwork. Simplifying the structure will not only make compliance easier but also stabilise consumer prices, improve transparency, and give traders the breathing space to focus on their businesses,” he said.
Shahdhar stressed that the reforms would have a broad positive impact. “This is not just a taxation matter — it will benefit the entire economy. From small shopkeepers to hoteliers, from manufacturers to artisans, everyone will feel the difference,” he added.
Welcoming the reduction of GST on hotel tariffs up to Rs 7,500 from 12% to 5%, Shahdhar said the step would directly support Kashmir’s tourism sector. “Affordable accommodation will attract more visitors, strengthen the Valley’s image as a competitive tourist destination, and create a multiplier effect across the economy,” he noted.
On handicrafts, the KTA President hailed the cut in GST from 12% to 5% but reiterated the demand for a complete waiver. “Handicrafts are not mere goods; they are our cultural identity. Thousands of artisans depend on this sector. A full exemption would protect livelihoods and make Kashmiri products more competitive globally,” he said.
Shahdhar further said rationalised taxes would stabilise consumer markets and boost confidence. “When the system is simple and fair, it reduces disputes, encourages spending, and builds trust between traders and consumers,” he remarked.
The KTA expressed hope that the reforms would pave the way for more sector-specific relief, particularly a full waiver on handicrafts and further incentives to strengthen tourism, which remains the backbone of J&K’s economy.
