GST Reforms to Boost Ladakh’s Economy

The recent GST reforms in Ladakh, reducing rates on various products and services, aim to empower local artisans and farmers. Key changes include a reduction in GST from 12% to 5% on Pashmina wool, Namda rugs, and hotel tariffs, benefiting over 10,000 artisans and 25,000 people in the tourism sector. The reforms are expected to enhance competitiveness in dairy and organic farming, particularly for apricot producers, and promote self-sustainability in the region's economy.

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