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of <h1>Jammu and Kashmir Sets Specific State GST Rates for Goods in Six Schedules Under 2017 Act.</h1> The Government of Jammu and Kashmir, under the Jammu and Kashmir Goods and Services Tax Act, 2017, has set specific state tax rates for intra-state supplies of goods. The rates are categorized based on the goods listed in six schedules: Schedule I (2.5%), Schedule II (6%), Schedule III (9%), Schedule IV (14%), Schedule V (1.5%), and Schedule VI (0.125%). Each schedule specifies the goods subject to these rates, identified by their tariff item, sub-heading, heading, or chapter. The notification, effective immediately, outlines the tax structure to ensure compliance with the state's GST framework.
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