Nazir Ahmad Dar's livelihood is literally hanging by a thread. The carpet-weaver who lives on the outskirts of Srinagar is under distress after the national sales tax GST was implemented in Kashmir valley. He had to shut over 20 looms. Out of 100 weavers working with him, 85 have already lost their job. Reason: the 50-year-old loom owner has not got a single order for the last three months. "100 weavers were working with me. Now, there are only 15. It's because after GST, not a single customer or order has come," Mr Dar said. Carpet and other handicraft items had been tax free in Kashmir valley, but weavers will have to pay 12 per cent tax under the Goods and Services Tax. The national sales tax was implemented on July 1 this year.
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The suspicion is that they helped fraud gangs get blocked bank accounts reopened.
Planning to exchange your mother's 30-year-old gold this Dhanteras? Know the declaration rules, jeweller deductions, GST, and capital gains tax before exchanging your old jewellery.
With Samvat 2083 beginning on Sunday, November 8, investors will be watching whether the auto sector can regain momentum or face another challenging year.
For buyers focused on accumulating physical gold, coins can be an alternative to jewellery. They avoid the high making charges often associated with intricate ornaments and come in different weights, giving customers greater flexibility when spending a fixed amount.
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
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मोदी सरकार के 12 साल: कैसे तय होगा 10 ट्रिलियन डॉलर वाली अर्थव्यवस्था बनने का सफर, अब तक क्या हुआ
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Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'Derek O’Brien
Wednesday October 22, 2025Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
GST Rate Cuts Light Up The Festive Season
Wednesday October 15, 2025The GST rationalisation is a gradual impetus to India's growth story.
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