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of <h1>Jammu and Kashmir exempts intra-state tax on select handicrafts under GST Act 2017, boosting cultural industries.</h1> The Government of Jammu and Kashmir, under the Jammu and Kashmir Goods and Services Tax Act, 2017, has exempted intra-state supplies of certain handicraft goods from state tax, effective from July 27, 2018. The exemption applies to goods predominantly made by hand, possessing aesthetic or cultural significance, and includes items such as handcrafted candles, handbags, carved wood products, handmade carpets, and various art wares. These goods are taxed at rates ranging from 1.5% to 6%, depending on their classification. The notification aims to support the handicraft industry by reducing the tax burden on these culturally significant products.
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