https://www.taxtmi.com/news?id=58742 Revision of Goods and Services Tax rates is projected to reduce Jammu and Kashmir's fiscal receipts by about Rs 900-1000 crore, worsening an existing budgetary deficit. Severe summer rains damaged agriculture and horticulture, and a Pahalgam terror attack depressed tourism and regional perception; these non-tax shocks compound the GST-driven revenue shortfall and intensify the Union Territory's near-term fiscal and economic distress. en-us Tue, 14 Oct 2025 13:46:03 +0530 Tue, 14 Oct 2025 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58742 Revision of Goods and Services Tax rates is projected to reduce Jammu and Kashmir's fiscal receipts by about Rs 900-1000 crore, worsening an existing budgetary deficit. Severe summer rains damaged agriculture and horticulture, and a Pahalgam terror attack depressed tourism and regional perception; these non-tax shocks compound the GST-driven revenue shortfall and intensify the Union Territory's near-term fiscal and economic distress. News - Tue, 14 Oct 2025 13:46:03 +0530 https://www.taxtmi.com/news?id=58742